LONDON - On The Beach Group plc (LSE:OTB), a UK-based online travel agency, disclosed on Monday that three of its executives have purchased ordinary shares through the company’s Share Incentive Plan (SIP). The transactions took place on the London Stock Exchange (LON:LSEG) on January 20, 2025.
Kirsteen Vickerstaff, General Counsel and Company Secretary, acquired 40 ordinary shares at a price of 251.87p per share. Adam Hansen, Chief Strategy Officer, purchased 60 shares at the same price, while Jennie Cronin, Chief People Officer, bought 24 shares.
The SIP is designed to encourage employee ownership and align the interests of the staff with those of the shareholders. The purchase of shares under such incentive plans is a common practice among publicly traded companies, allowing employees to participate in the company’s growth and success.
The transaction details were made public in accordance with the UK’s Market Abuse Regulation, which requires the disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them.
This information was based on a press release statement provided by RNS, the news service of the London Stock Exchange. The Financial Conduct Authority approves RNS to act as a Primary Information Provider in the United Kingdom (TADAWUL:4280). The disclosure of these share purchases provides transparency to the market and ensures that all stakeholders have access to the same information.
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