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On The Beach executives buy shares under incentive plan

Published 12/23/2024, 11:48 AM

LONDON - Executives of On The Beach Group plc, a UK-based online travel agency, have recently engaged in share purchases as part of the company's share incentive plan (SIP). According to a press release statement, three key personnel, including General Counsel and Company Secretary Kirsteen Vickerstaff, Chief Strategy Officer Adam Hansen, and Chief People Officer Jennie Cronin, acquired ordinary shares on December 20, 2024.

The transactions took place on the London Stock Exchange (LON:LSEG), with each share priced at 236.49 pence. The volume of shares purchased varied among the executives, with Vickerstaff acquiring 42 shares, Hansen 63 shares, and Cronin 25 shares. These transactions are part of the standard operation of the company's SIP, which aims to align the interests of the management with those of the shareholders.

On The Beach Group plc, identified by the Legal Entity Identifier (LEI) code 213800K51Y9BZY7F9R69, has not disclosed any aggregated information regarding the transactions, indicating they were not part of a larger, consolidated trade.

The share incentive plan is a common mechanism used by companies to incentivize executives and align their interests with the long-term performance of the company. By participating in such plans, executives often demonstrate their confidence in the company's future prospects and their commitment to the company's success.

These transactions are required to be disclosed under the applicable regulatory framework and provide transparency to shareholders and the market. The information about the transactions has been made public in accordance with the rules set forth by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280).

The purchases by On The Beach Group plc executives are based on a press release statement and reflect a standard practice within corporate governance frameworks, allowing stakeholders to stay informed about the financial dealings of company insiders.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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