PDMR/PCA Notification
Simon Cooper's PCA sold 3 million shares at 228p per share; Cooper retains 5.7% stake.
- Shares sold 3,000,000
- Sale price per share 228 pence
- Sale proceeds £6.84m
- Simon Cooper remaining stake 5.7%
- Shares held post-sale 9,521,226
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On the Beach Group plc (LSE: OTB.L), a leading UK online retailer for beach holidays, announces that Hawksford Trustees Jersey Limited (as trustees of the SC 2014 Settlement), a PCA of Simon Cooper (Founder Director NED of On the Beach Group plc), notified the Company on 12 December 2024 that it had sold 3,000,000 ordinary shares of 1 pence each in the Company ("Ordinary Shares") at price of 228 pence per Ordinary Share.
Simon Cooper, Founder of On the Beach, said:
"This share sale follows my reinvestment into On the Beach in 2022 and 2023 and I am now realising a portion of that investment. I remain a significant and long term shareholder in the Group and have every confidence that Shaun and the team will deliver on the recently outlined medium term ambitions."
Following this sale, Simon Cooper will have an interest in 9,521,226 Ordinary Shares, representing 5.7% of the issued share capital of the Company, as outlined below:
| Shareholder | Number of shares | % of issued share capital |
|---|---|---|
| Hawksford Trustees Jersey Limited (a PCA of Simon Cooper) | 7,427,589 | 4.45% |
| Simon Cooper (in his own name) | 2,093,637 | 1.25% |
| TOTAL | 9,521,226 | 5.7% |
The Notification of Dealing Form required in accordance with UK MAR is set out below.
| 1 | Details of the person discharging managerial responsibilities / person closely associated | ||
| a) | Name | Hawksford Trustees Jersey Limited (as trustees of the SC 2014 Settlement) on behalf of the family of Simon Cooper | |
| 2 | Reason for the notification | ||
| a) | Position/status | PCA of Simon Cooper, Founder Director NED of On the Beach Group plc | |
| b) | Initial notification /Amendment | Initial Notification | |
| a) | Name | On the Beach Group plc | |
| b) | LEI | 213800K51Y9BZY7F9R69 | |
| a) | Description of the financial instrument, type of instrument Identification code | Ordinary shares of 1 pence each GB00BYM1K758 | |
| b) | Nature of the transaction | Purchase of Ordinary Shares | |
| c) | Price(s) and volume(s) | Price | Volume |
| 228 pence per share | 3,000,000 Ordinary Shares | ||
| d) | Aggregated information - Aggregated volume - Price | N/A N/A | |
| e) | Date of the transaction | 12 December 2024 | |
| f) | Place of the transaction | London Stock Exchange |
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