Director/PDMR Shareholding

RNS Number : 4330M
Ocado Group PLC
20 January 2016
 

DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC

20 January 2016

 
 

Ocado Group plc
Director/PDMR Notification

Ocado Group plc ("the Company") announces that it has received a notification, pursuant to the FCA's Disclosure Rules and Transparency Rules 3.1.2R, on 18 January 2016, in connection with its directors' participation in the Ocado Share Incentive Plan ("SIP"). 

The SIP is a HMRC tax-advantaged all-employee share scheme, under which employees are able to purchase ordinary shares in the Company of 2 pence each at market value ("Partnership Shares"), using deductions from salary each month, and receive allocations of matching ordinary shares of 2 pence each ("Matching Shares").

The Ocado directors listed below (the "Directors") purchased the number of Partnership Shares set out in the table below, at a price of £2.69 per Partnership Share, and were allocated (for no consideration) the number of Matching Shares set out in the table below. These shares are held by the employee benefit trust for the SIP.

 

Name

Position

Number of Partnership Shares

Number of Matching Shares

Total shares

Total SIP holding to-date

Tim Steiner

Chief Executive Officer

55

8

63

3030

Duncan Tatton-Brown

Chief Financial Officer

56

8

64

2984

Mark Richardson

Operations Director

56

8

64

3034

Neill Abrams

Legal & Business Affairs Director

56

8

64

2690


As a result of the above transaction, the interests of the Directors (and their connected persons) in the Company's ordinary shares (excluding any interests, options and awards under the Company's Long Term Incentive Plan, Sharesave, 2001 Executive Share Option Scheme, 2014 Executive Share Option Scheme, Joint Share Ownership Scheme and Growth Incentive Plan) are:

 

Name

Number of Ordinary Shares held

Percentage of issued share capital

Tim Steiner

28,773,253

4.6%

Duncan Tatton-Brown

161,499

0.03%

Mark Richardson

3,728

0.00060%

Neill Abrams

1,914,036

0.31%

 

The SIP was approved by shareholders at the Company's Annual General Meeting on 11 May 2011.

For the purposes of DTR 3.1.3, the above transactions took place in the United Kingdom, with an issue date of 18 January 2016 and the Company/the Directors being notified on 18 January 2016. 

Further information concerning each Director's other interests in shares and share schemes are set out in the Company's annual report and accounts for the 52 weeks ended 30 November 2014, except as otherwise amended by a subsequent announcement.

 

Enquiries:

Company Secretary
Ocado Group plc
Titan Court
3 Bishops Square
Hatfield Business Park
Hatfield, Hertfordshire AL10 9NE
Fax: +44 (0)1707 227 997
email: 
company.secretary@ocado.com

 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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Ocado Group (OCDO)
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