PDMR Ltip Awards
Company granted LTIP awards to seven PDMRs totalling 951,645 shares for nil consideration on 3 October 2025.
- Total shares awarded 951,645
- CEO award (Shaun Morton) 201,130 shares
- CFO award (Jon Wormald) 155,405 shares
- Award price Nil
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The notifications below are made in accordance with the requirements of Article 19 (3) of the EU Market Abuse Regulation 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and the dealings were in respect of ordinary shares of 1 pence each in the share capital of the Company ("Shares").
On 3 October 2025, the Company granted awards over Shares (the "Awards") under the On the Beach Group plc Long Term Incentive Plan ("LTIP"). The Awards, made for nil consideration, are nil-cost options established in accordance with the LTIP rules.
In line with the new Directors' Remuneration Policy approved by shareholders on 12 September 2025, vesting of the Awards is subject to continued employment. There are no formulaic performance targets applicable to the Awards, but the Remuneration Committee will undertake a discretionary assessment at the end of the vesting period to ensure that outcomes are appropriate in the context of Company performance, shareholder experience and any windfall gains. The Committee retains full discretion to reduce vesting levels where it considers that the formulaic outcome is not a fair or proportionate reflection of performance.
Further details for each PDMR are set out below.
| PDMR | Role | Number of Shares over which Awards made |
|---|---|---|
| Shaun Morton | Chief Executive Officer | 201,130 |
| Jon Wormald | Chief Financial Officer | 155,405 |
| Zoe Harris | Chief Marketing Officer | 156,171 |
| Adam Hansen | Chief Strategy Officer | 109,319 |
| Kasia Michalska | Chief Product & Technology Officer | 133,621 |
| Jennie Cronin | Chief People Officer | 90,090 |
| Kirsteen Vickerstaff | General Counsel and Company Secretary | 105,909 |
| 1. | Details of PDMR / person closely associated with them ("PCA") | |
| a) | Name | SHAUN MORTON JON WORMALD ZOE HARRIS ADAM HANSEN KASIA MICHALSKA JENNIE CRONIN KIRSTEEN VICKERSTAFF |
| 2. | Reason for the notification | |
| a) | Position / status | SHAUN MORTON- CHIEF EXECUTIVE OFFICER JON WORMALD - CHIEF FINANCIAL OFFICER ZOE HARRIS- CHIEF MARKETING OFFICER ADAM HANSEN - CHIEF STRATEGY OFFICER KASIA MICHALSKA - CHIEF PRODUCT & TECHNOLOGY OFFICER JENNIE CRONIN- CHIEF PEOPLE OFFICER KIRSTEEN VICKERSTAFF - GENERAL COUNSEL AND COMPANY SECRETARY |
| b) | Initial notification / amendment | Initial Notification |
| a) | Name | On the Beach Group plc |
| b) | LEI | 213800K51Y9BZY7F9R69 |
| a) | Description of the financial instrument Identification code | Ordinary shares of 1 pence GB00BYM1K758 |
| b) | Nature of the transaction | Awards made pursuant to the On the Beach Group plc Long Term Incentive Plan |
| c) | Price(s) and volume(s) | Price(s) Volume(s) Nil SHAUN MORTON - 201,130 Nil JON WORMALD - 155,405 Nil ZOE HARRIS - 156,171 Nil ADAM HANSEN - 109,319 Nil KASIA MICHALSKA - 133,621 Nil JENNIE CRONIN - 90,090 Nil KIRSTEEN VICKERSTAFF - 105,909 |
| d) | Aggregated information - Aggregated volume - Price | N/A |
| e) | Date of the transaction | 3 October 2025 |
| f) | Place of the transaction | Outside a trading venue |
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