On November 30, 2023, On the Beach Group PLC announced a notification of major holdings. Lombard Odier Asset Management (Europe) Limited, based in London, United Kingdom, disclosed on behalf of accounts managed on a discretionary basis by Lombard Odier Investment Managers group that they have acquired voting rights in On the Beach Group PLC. The threshold was crossed or reached on November 15, 2023, and the issuer was notified on November 16, 2023.
The resulting situation on the date the threshold was crossed or reached is as follows: Lombard Odier Asset Management (Europe) Limited holds 4.92% of the voting rights attached to shares, which amounts to 8,195,225 voting rights. This is a decrease from their previous position of 5.01% of the voting rights.
No information was provided regarding financial instruments or proxy voting. The notification states that Lombard Odier Asset Management (Europe) Limited is not controlled by any natural person or legal entity and does not control any other undertaking holding an interest in On the Beach Group PLC.
The notification was completed in London, United Kingdom.