DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC
13 July 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.
|
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 5,000,000 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). |
|||
c) |
Price(s) and volume(s)
|
Price(s)
|
Volume(s) |
||
£10.46
|
5,000,000 |
||||
d) |
Aggregated information
- Aggregated volume
- Price
|
Price |
Aggregated volume |
Aggregate total |
|
£10.46 |
5,000,000 |
£52,300,000.00 |
|||
e) |
Date of the transaction
|
12 July 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: +44 (0)1707 227997
email: company.secretary@ocado.com
Ocado Group plc LEI: 213800LO8F61YB8MBC74