REG - Ocado Group PLC - Director/PDMR Shareholding

OcadoAnnouncement

06/03/2018 15:25

RNS Number : 8807G
Ocado Group PLC
06 March 2018
DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC
6 March 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.

1
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 4,500,000 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), and release of the security interest, previously notified to the market on 24 November 2017, over these 4,500,000 shares.
c)
Price(s) and volume(s)
Price(s)
Volume(s)
5.40
4,500,000
d)
Aggregated information
- Aggregated volume
- Price
Price
Aggregated volume
Aggregate total
5.40
4,500,000
24,300,000
e)
Date of the transaction
5 March 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

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