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

OcadoAnnouncement

15/07/2015 17:40

RNS Number : 1977N
Ocado Group PLC
14 May 2015
DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC

14 May 2015
Ocado Group plc
Director/PDMR Shareholding Notification
Further to the announcement made by Ocado Group plc ("the Company") on 28 November 2014, the Company announces that it received notification on 13 May 2015 from two Directors, pursuant to the FCA's Disclosure Rules and Transparency Rules 3.1.2R, of the following changes in Director/PDMR shareholdings in the Company as a result of exercises of share options under the Ocado 2001 Executive Share Option Scheme. The share options were due to expire on 16 May 2015.
Director/PDMR
Position
Share Scheme
Number of Options over Ordinary Shares exercised
Exercise Price (pence) per Option over Ordinary Share
Tim Steiner
Director
Ocado 2001 Executive Share Option Scheme
200,000
115
Neill Abrams
Director
Ocado 2001 Executive Share Option Scheme
50,000
115

The Company was also notified on 13 May 2015 that both Directors subsequently sold sufficient shares to cover the cost of the exercise and the tax due. Tim Steiner sold 125,722 ordinary shares (representing 0.02% of the Company's total issued share capital), and Neill Abrams sold 31,431 ordinary shares (representing 0.005% of the Company's total issued share capital), both at a price of 3.8735 per ordinary share.
This resulted in Tim Steiner holding 74,278 additional ordinary shares in the Company, and Neill Abrams holding 18,569 additional ordinary shares in the Company.
As a result of these transactions, the direct and indirect interests of Tim Steiner and Neill Abrams in the Company's ordinary shares are:
Director
Number of ordinary shares held
Percentage of issued share capital
Tim Steiner
28,771,141
4.618%
Neill Abrams
1,912,036
0.307%
Following these transactions, neither Director holds options under the Ocado 2001 Executive Share Option Scheme.
Notes:
(1)  These shareholdings exclude any interests under the Company's Joint Share Ownership Scheme, Long-Term Incentive Plan, Sharesave and Growth Incentive Plan).
(2)  The Company has issued ordinary shares of 2p each.
(3)  The above transactions took place in the UK on 13 May 2015.
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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