Business
PDMR Transaction: Grant of Buyout Award to CFO
PDMR Transaction: Grant of Buyout Award to CFO.
About this update from On The Beach Group Plc
[{"type":"text","content":"\n\n \n3 July 2023\n \nOn The Beach Group plc\n \nPDMR Transaction: Grant of Buyout Award to Chief Financial Officer\n \nOn The Beach Group plc (\"On The Beach\" or the \"Company\") announces that on 30 June 2023, Jon Wormald, the Company's Chief Financial Officer, was granted a buyout award following his recent appointment. The buyout award granted is of equivalent value to awards granted to him by his previous employer, which he forfeited upon commencing employment with On The Beach.\nThe buyout award has been delivered in the form of a nil cost option over ordinary shares in the Company, granted under the On The Beach Group plc Long Term Incentive Plan 2023 (\"Plan\"), and is subject to the malus and clawback provisions of the Plan, as well as holding periods in line with those applicable to the forfeited awards.\nThe Notification of Dealing Form set out below is provided in accordance with the requirements of the UK Market Abuse Regulation.\n \nEnquiries:\n \nOn The Beach Group plc via FTI Consulting\nShaun Morton, Chief Executive Officer\nJon Wormald, Chief Financial Officer\n \nFTI Consulting Tel: (+44) (0)20 3727 1000\nAlex Beagley\nFiona Walker\nSam Macpherson\nRafaella de Freitas\n \n\n\n\n1.\n\n\nDetails of the PDMR / per...