Director/PDMR Shareholding

RNS Number : 6001C

Ocado Group PLC

16 October 2015

 



DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC

16 October 2015

Ocado Group plc
Director/PDMR Notification

Ocado Group plc ("the Company") makes the following announcement pursuant to the FCA's Disclosure Rules and Transparency Rules 3.1.2R, on 15 October 2015, in connection with 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 £3.321 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	45	6	51	2864
Duncan Tatton-Brown	Chief Financial Officer	45	6	51	2818
Mark Richardson	Operations Director	45	6	51	2868
Neill Abrams	Legal & Business Affairs Director	45	6	51	2524

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	28,772,998	4.6%
Duncan Tatton-Brown	161,244	0.03%
Mark Richardson	3,473	0.00055%
Neill Abrams	1,913,777	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 15 October 2015 and the Company/the Directors being notified on 15 October 2015. 

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: [phone]
email: [e-mail]

 

END

 

 

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