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Ocado Group PLC (OCDO)

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Friday 24 May, 2019

Ocado Group PLC

Director/PDMR Shareholding

RNS Number : 1876A
Ocado Group PLC
24 May 2019
 

DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC

24 May 2019

Ocado Group plc
Director/PDMR Notification


Ocado Group plc (the "Company") makes the following announcement regarding its Directors' participation in The Ocado Growth Incentive Plan ("GIP").


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 participated in the Ocado Growth Incentive Plan ("GIP") pursuant to an award made on 8 May 2014. In accordance with the rules of the GIP and the relevant performance criteria, the GIP award vested in full on 8 May 2019. Tim Steiner exercised the option on 23 May 2019 and received a cash payment after income tax and National Insurance contributions were deducted. The exercise price was £12.402 per share, as determined under the Rules of the GIP.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£12.402

 

4,000,000

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

£12.402

4,000,000

£49,608,000

e)

Date of the transaction

 

23 May 2019

 

f)

Place of the transaction

 

Outside a trading venue

 


1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Duncan Tatton-Brown

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

 

Duncan Tatton-Brown participated in the Ocado Growth Incentive Plan ("GIP") pursuant to an award made on 8 May 2014. In accordance with the rules of the GIP and the relevant performance criteria, the GIP award vested in full on 8 May 2019. Duncan Tatton-Brown exercised the option on 23 May 2019 and received a cash payment after income tax and National Insurance contributions were deducted. The exercise price was £12.402 per share, as determined under the Rules of the GIP.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£12.402

 

1,000,000

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

£12.402

1,000,000

£12,402,000

e)

Date of the transaction

 

23 May 2019

 

f)

Place of the transaction

 

Outside a trading venue

 


1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Mark Richardson

2

Reason for the notification

 

a)

Position/status

 

Chief Operations 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

 

Mark Richardson participated in the Ocado Growth Incentive Plan ("GIP") pursuant to an award made on 8 May 2014. In accordance with the rules of the GIP and the relevant performance criteria, the GIP award vested in full on 8 May 2019. Mark Richardson exercised the option on 23 May 2019 and received a cash payment after income tax and National Insurance contributions were deducted. The exercise price was £12.402 per share, as determined under the Rules of the GIP.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£12.402

 

1,000,000

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

£12.402

1,000,000

£12,402,000

e)

Date of the transaction

 

23 May 2019

 

f)

Place of the transaction

 

Outside a trading venue

 

 


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 participated in the Ocado Growth Incentive Plan ("GIP") pursuant to an award made on 22 February 2017. In accordance with the rules of the GIP and the relevant performance criteria, the GIP award vested in full on 8 May 2019. Luke Jensen exercised the option on 23 May 2019 and received a cash payment after income tax and National Insurance contributions were deducted. The exercise price was £12.402 per share, as determined under the Rules of the GIP.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£12.402

 

470,000

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

£12.402

470,000

£5,828,940

e)

Date of the transaction

 

23 May 2019

 

f)

Place of the transaction

 

Outside a trading venue

 

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: +44 (0)1707 227997
email:
[email protected] 

 

Ocado Group plc LEI: 213800LO8F61YB8MBC74


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