REG - Ocado Group PLC - Director/PDMR Shareholding

OcadoAnnouncement

26/03/2020 18:30

RNS Number : 7880H
  
Ocado Group PLC
  
26 March 2020
  
 

DIRECTOR/PDMR NOTIFICATION

OCADO GROUP PLC
26 March 2020
 
Ocado Group plc

Director/PDMR Notification

Ocado Group plc (the "Company") announces that Duncan Tatton-Brown, the Chief Financial Officer of the Company, has on 23 March 2020 exercised 9,923 options to purchase Ocado ordinary shares of 2 pence each ("Shares"), originally granted to him on 12 August 2013 under the 2001 Ocado Executive Share Option Scheme ("ESOS"). Of these, 2,369 shares have been sold to pay for the costs of exercise. The remaining shares were retained by Duncan Tatton-Brown. 
 



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, an Executive Director of Ocado Group plc, participated in the ESOS. 
 
Options over ordinary shares were granted to Duncan Tatton-Brown on 12 August 2013. On 8 July 2016, options over 9,923 shares vested, with the exercise period ending 7 July 2023. 
 
On 23 March 2020, Duncan Tatton-Brown exercised his options over 9,923 shares. 




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£3.023
 


9,923




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£3.023


9,923


£29,997.23




e)


Date of the transaction
 


23 March 2020




f)


Place of the transaction
 


London Stock Exchange (XLON)











 



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, an Executive Director of Ocado Group plc, participated in the ESOS. 
 
Options over ordinary shares were granted to Duncan Tatton-Brown on 12 August 2013.  On 8 July 2016, options over 9,923 shares vested, with the exercise period ending 7 July 2023. 
 
On 23 March 2020, Duncan Tatton-Brown exercised his options over 9,923 shares. Of those shares, 2,369 were sold to cover the option cost of £3.023 per ordinary share and associated trading costs.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£12.69
 


2,369




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£12.69


2,369


£30,062.61




e)


Date of the transaction
 


23 March 2020




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
 


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