Director/PDMR Shareholding

RNS Number : 8807G

Ocado Group PLC

06 March 2018

 

DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC

6 March 2018

Ocado Group plc
Director/PDMR Notification

Ocado Group plc (the "Company") announces that it has received notification that Linic Ltd, a connected person to Tim Steiner, Ocado's Chief Executive Officer, has sold shares in the Company as set out below.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Linic Ltd
2	Reason for the notification
a)	Position/status	Person closely associated with Tim Steiner, 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	Sale of 4,500,000 shares by Linic Ltd, a company wholly owned by Arthur Seligman as trustee of the Steiner 2008 Millennium Trust (of which Tim Steiner is one of a number of discretionary beneficiaries), and release of the security interest, previously notified to the market on 24 November 2017, over these 4,500,000 shares.
c)	Price(s) and volume(s)	Price(s)		Volume(s)
		£5.40		4,500,000
d)	Aggregated information -     Aggregated volume -     Price	Price	Aggregated volume		Aggregate total
		£5.40	4,500,000		£24,300,000
e)	Date of the transaction	5 March 2018
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:

Neill Abrams
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

 

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