Director/PDMR Shareholding

RNS Number : 6059K

Ocado Group PLC

29 August 2019

 

DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC

29 August 2019

Ocado Group plc
Director/PDMR Notification

Ocado Group plc ("the Company") makes the following announcement regarding one if its Directors participation in The Ocado Save As You Earn Scheme ("Sharesave").

The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company on the same terms. It offers the opportunity for employees to buy ordinary shares of 2 pence each ("Shares") in the Company using savings accumulated over a three year period. The maximum amount permitted by HMRC to be invested in all Sharesave schemes is £6,000 per annum.

Neill Abrams, Executive Director, has elected to participate in the 2019 offer of Sharesave as detailed below. He has been granted 1,610 options over Shares. The options were granted at a price of 1117.44 pence per Share on 27 August 2019. The options become exercisable after three years on 1 December 2022. The notification of dealing form can be found below. 

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Neill Abrams
2	Reason for the notification
a)	Position/status	Group General Counsel and Company Secretary
b)	Initial notification/ Amendment	Initial notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Ocado Group plc
b)	LEI	213800LO8F61YB8MBC74
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of 2 pence each in Ocado Group plc ISIN GB00B3MBS747
b)	Nature of the transaction	Neill Abrams joined the Ocado Group plc Sharesave 2019 scheme and will make monthly contributions of £500. The Sharesave scheme is an HMRC approved, all employee savings-related share option plan.
c)	Price(s) and volume(s)	Price(s)		Volume(s)
		1117.44 pence per Share		1,610
d)	Aggregated information -     Aggregated volume -     Price	Price	Aggregated volume		Aggregate total
		1117.44 pence per Share	1,610		1,610
e)	Date of the transaction	27 August 2019
f)	Place of the transaction	London Stock Exchange (XLON)

This announcement is made in accordance with Article 19 of the Market Abuse Regulation and the Disclosure Guidance and Transparency Rules.

Person responsible for arranging the release of this announcement:

Robert Cooper
Deputy Company Secretary
Ocado Group plc
Buildings One & Two Trident Place
Mosquito Way
Hatfield
Hertfordshire
AL10 9UL
Fax: [phone]
email: [e-mail] 

Ocado Group plc LEI: 213800LO8F61YB8MBC74

 

END

 

 

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