Director/PDMR Shareholding

RNS Number : 6931H

Ocado Group PLC

25 November 2022

 

DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC

25 November 2022

Ocado Group plc
Director/PDMR Notification

Ocado Group plc (the "Company") makes the following announcement regarding its PDMRs' participation in The Ocado Sharesave Scheme ("Sharesave").

Details are as set out 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
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, an Executive Director of Ocado Group plc, executed an irrevocable instruction to enter into the 2023 Ocado Sharesave Scheme, with monthly savings contributions of £500. The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company.
c)	Price(s) and volume(s)	Price(s)		Volume(s)
		Price to be set in February 2023		n/a
d)	Aggregated information -  Aggregated volume -  Price	Price	Aggregated volume		Aggregate total
		Price to be set in February 2023	n/a		n/a
e)	Date of the transaction	25 November 2022
f)	Place of the transaction	London Stock Exchange (XLON)

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	Tim Steiner, an Executive Director of Ocado Group plc, executed an irrevocable instruction to enter into the 2023 Ocado Sharesave Scheme, with monthly savings contributions of £500, providing certain conditions are met. The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company.
c)	Price(s) and volume(s)	Price(s)		Volume(s)
		Price to be set in February 2023		n/a
d)	Aggregated information -  Aggregated volume -  Price	Price	Aggregated volume		Aggregate total
		Price to be set in February 2023	n/a		n/a
e)	Date of the transaction	25 November 2022
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Stephen Daintith
2	Reason for the notification
a)	Position/status	Chief Financial 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	Stephen Daintith, an Executive Director of Ocado Group plc, executed an irrevocable instruction to enter into the 2023 Ocado Sharesave Scheme, with monthly savings contributions of £500, providing certain conditions are met. The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company.
c)	Price(s) and volume(s)	Price(s)		Volume(s)
		Price to be set in February 2023		n/a
d)	Aggregated information -  Aggregated volume -  Price	Price	Aggregated volume		Aggregate total
		Price to be set in February 2023	n/a		n/a
e)	Date of the transaction	25 November 2022
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	James Matthews
2	Reason for the notification
a)	Position/status	CEO, Ocado Technology
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	James Matthews, a PDMR of Ocado Group plc, executed an irrevocable instruction to enter into the 2023 Ocado Sharesave Scheme, with monthly savings contributions of £500, providing certain conditions are met. The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company.
c)	Price(s) and volume(s)	Price(s)		Volume(s)
		Price to be set in February 2023		n/a
d)	Aggregated information -  Aggregated volume -  Price	Price	Aggregated volume		Aggregate total
		Price to be set in February 2023	n/a		n/a
e)	Date of the transaction	25 November 2022
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Luke Jensen
2	Reason for the notification
a)	Position/status	CEO, Ocado Solutions
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	Luke Jensen, an Executive Director of Ocado Group plc, executed an irrevocable instruction to enter into the 2023 Ocado Sharesave Scheme, with monthly savings contributions of £500, providing certain conditions are met. The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company.
c)	Price(s) and volume(s)	Price(s)		Volume(s)
		Price to be set in February 2023		n/a
d)	Aggregated information -  Aggregated volume -  Price	Price	Aggregated volume		Aggregate total
		Price to be set in February 2023	n/a		n/a
e)	Date of the transaction	25 November 2022
f)	Place of the transaction	London Stock Exchange (XLON)

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	Tim Steiner, an Executive Director of Ocado Group plc, executed an irrevocable instruction to cancel his participation in the 2022 offer under the Ocado Sharesave Scheme, and discontinue his related monthly contributions of £500 in March 2023 resulting in the lapse of the options originally granted to him on 17 March 2022 with an exercise price of 1,199.97 pence, providing certain conditions are met. The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company.
c)	Price(s) and volume(s)	Price(s)		Volume(s)
		1,199.97 pence per share		n/a
d)	Aggregated information -  Aggregated volume -  Price	Price	Aggregated volume		Aggregate total
		1,199.97	n/a		n/a
e)	Date of the transaction	25 November 2022
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Stephen Daintith
2	Reason for the notification
a)	Position/status	Chief Financial 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	Stephen Daintith, an Executive Director of Ocado Group plc, executed an irrevocable instruction to cancel his participation in the 2022 offer under the Ocado Sharesave Scheme, and discontinue his related monthly contributions of £500 in March 2023 resulting in the lapse of the options originally granted to him on 17 March 2022 with an exercise price of 1,199.97 pence, providing certain conditions are met. The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company.
c)	Price(s) and volume(s)	Price(s)		Volume(s)
		1,199.97 pence per share		n/a
d)	Aggregated information -  Aggregated volume -  Price	Price	Aggregated volume		Aggregate total
		1,999.97	n/a		n/a
e)	Date of the transaction	25 November 2022
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	James Matthews
2	Reason for the notification
a)	Position/status	CEO, Ocado Technology
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	James Matthews, a PDMR of Ocado Group plc, executed an irrevocable instruction to cancel his participation in the 2022 offer under the Ocado Sharesave Scheme, and discontinue his related monthly contributions of £500 in March 2023 resulting in the lapse of the options originally granted to him on 17 March 2022 with an exercise price of 1,199.97 pence, providing certain conditions are met. The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company.
c)	Price(s) and volume(s)	Price(s)		Volume(s)
		1,199.97 pence per share		n/a
d)	Aggregated information -  Aggregated volume -  Price	Price	Aggregated volume		Aggregate total
		1,199.97	n/a		n/a
e)	Date of the transaction	25 November 2022
f)	Place of the transaction	London Stock Exchange (XLON)

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Luke Jensen
2	Reason for the notification
a)	Position/status	CEO, Ocado Solutions
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	Luke Jensen, an Executive Director of Ocado Group plc, executed an irrevocable instruction to cancel his participation in the 2022 offer under the Ocado Sharesave Scheme, and discontinue his related monthly contributions of £500 in March 2023 resulting in the lapse of the options originally granted to him on 17 March 2022 with an exercise price of 1,199.97 pence, providing certain conditions are met. The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company.
c)	Price(s) and volume(s)	Price(s)		Volume(s)
		1,199.97 pence per share		n/a
d)	Aggregated information -  Aggregated volume -  Price	Price	Aggregated volume		Aggregate total
		1,199.97	n/a		n/a
e)	Date of the transaction	25 November 2022
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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