Director/PDMR Shareholding

RNS Number : 6345K

Ocado Group PLC

11 April 2018

DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC

11 April 2018

Ocado Group plc

Director/PDMR Notification

Ocado Group plc (the "Company") announces that it has received notification of the release of a security interest over the ordinary shares in the Company held by Tim Steiner, Chief Executive Officer of the Company. As announced on 28 November 2016, the security interest was granted in connection with a loan taken out for the purposes of settling obligations under a divorce judgment that was made by an order of court. The loan has been repaid and consequently the security interest has been released. There is no change in beneficial ownership of the shares.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Tim Steiner
2	Reason for the notification
a)	Position/status	Chief Executive Officer
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	Release of a security interest over 15,275,796 ordinary shares in the Company (including those subject to forward sale agreements with Nicolas Steiner).
c)	Price(s) and volume(s)	Price(s)		Volume(s)
		£0.00		15,275,796
d)	Aggregated information - Aggregated volume - Price	Price	Aggregated volume		Aggregate total
		£0.00	15,275,796		£0.00
e)	Date of the transaction	11 April 2018
f)	Place of the transaction	London Stock Exchange (XLON)