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LONDON - On The Beach Group plc (LSE:OTB) has reported transactions by three of its senior executives under the company’s share incentive plan (SIP). According to the notification, General Counsel and Company Secretary Kirsteen Vickerstaff, Chief Strategy Officer Adam Hansen, and Chief People Officer Jennie Cronin have all purchased ordinary shares in the company.
The transactions took place on February 20, 2025, on the London Stock Exchange (LON:LSEG). Each executive participated in the SIP at the same share price of 237.88 pence. Vickerstaff acquired 42 shares, Hansen purchased 63 shares, and Cronin bought 26 shares. These transactions were the initial notifications for all three executives, indicating their first-time participation in the SIP since assuming their respective roles.
On The Beach Group plc, which operates as an online retailer of beach holidays, has a legal entity identifier (LEI) of 213800K51Y9BZY7F9R69. The share incentive plan is a common mechanism for companies to align the interests of their employees with those of shareholders, by providing an opportunity for staff to invest in the company’s stock, often at preferential rates or with matching contributions from the employer.
The announcement of these purchases provides a transparent view of the company’s internal confidence, as the participation of high-level executives in share incentive plans can be interpreted as a positive signal about the company’s prospects. However, such transactions are routine and do not necessarily indicate significant changes in the company’s performance or strategy.
This report is based on a press release statement and aims to present the facts of the transactions without bias or promotional language. The information disclosed complies with the regulations of the Financial Conduct Authority in the United Kingdom (TADAWUL:4280).
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