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LONDON - On the Beach Group plc (LSE:OTB), a UK-based online travel agency, has reported a transaction involving a Person Discharging Managerial Responsibilities (PDMR). Jennie Cronin, the company’s Chief People Officer, sold 8,878 ordinary shares at a price of 245.41 pence per share on May 19, 2025, on the London Stock Exchange (LON:LSEG).
This transaction was initially misstated as a purchase in an earlier announcement but has since been corrected to reflect the sale of shares. The correction was issued today, and all other details from the original notification remain unchanged.
The sale by a PDMR is a notable event as it involves an insider of the company, and the transaction must be disclosed in accordance with the UK Market Abuse Regulation. The regulatory framework requires transparency of trading activities by senior executives and other insiders to ensure fair market practices.
The shares in question are part of On the Beach Group’s ordinary stock, each with a nominal value of 1 pence, identified by the code GB00BYM1K758.
No aggregated information was provided regarding the transaction, as it pertains to a single sale. The price and volume of the shares sold were clearly detailed in the announcement.
Investors and market watchers often pay close attention to PDMR transactions as they can provide insights into the executives’ perspectives on the company’s performance and future prospects. However, such transactions may be motivated by a variety of personal financial considerations and do not necessarily signal a change in the company’s outlook.
On the Beach Group plc has appointed Kirsteen Vickerstaff as General Counsel & Company Secretary, and further inquiries can be directed to her via FTI Consulting (NYSE:FCN).
This report is based on a press release statement and aims to present the facts regarding the PDMR transaction without endorsing any claims or providing analysis of potential impacts on the company’s market position.
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