REG - Ocado Group PLC - Director/PDMR Shareholding <Origin Href="QuoteRef">OCDO.L</Origin>

OcadoAnnouncement

20/03/2015 18:20

RNS Number : 1094I
Ocado Group PLC
20 March 2015
DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC
20 March 2015
Ocado Group plc
Director/PDMR Notification
Ocado Group plc ("the Company") announces that it has received notification from four directors, pursuant to the FCA's Disclosure Rules and Transparency Rules 3.1.2R, on 20 March 2015, in connection with their participation in the Ocado Long-Term Incentive Plan ("LTIP").
The Ocado directors listed below (the "Directors") were granted a conditional award in respect of such ordinary shares of 2 pence each of the Company, in accordance with the rules of the LTIP ("LTIP Awards").
The LTIP Awards are expected to vest on 13 March 2018, subject to the LTIP rules, including the satisfaction of the performance conditions and any other applicable conditions.
Name
Position
Number of conditional award shares
Total LTIP awards
Tim Steiner
Chief Executive Officer
291,005
1,837,544
Duncan Tatton-Brown
Chief Financial Officer
134,920
916,918
Neill Abrams
Legal and Business Affairs Director
90,476
459,370
Mark Richardson
Operations Director
134,920
700,455

The LTIP was approved by shareholders at the Company's Annual General Meeting on 10 May 2013. The LTIP Award is the third such award made under the LTIP.
No payment is required for the grant of the LTIP Awards. For these LTIP Awards, the number of Shares was determined based on a price of 378 pence per share, being the volume weighted average price of the Company's ordinary shares on the three trading days prior to 13 March 2015.
For the purposes of DTR 3.1.3, the above transactions took place in theUnited Kingdom, with a grant date of 13 March 2015 and the Directors being notified on 20 March 2015.
Further information concerning each Director's other interests in shares and share schemes are set out in the Company's annual report and accounts for the 52 weeks ended 30 November 2014, except as otherwise amended by a subsequent announcement.
Enquiries:
Company Secretary
Ocado Group plc
Titan Court
3 Bishops Square
Hatfield Business Park
Hatfield, Hertfordshire AL10 9NE
Fax: +44 (0)1707 227 997
email:company.secretary@ocado.com

This information is provided by RNS
The company news service from the London Stock Exchange
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