REG - Ocado Group PLC - Director/PDMR Shareholding

OcadoAnnouncement

23/03/2018 15:35

RNS Number : 8167I
Ocado Group PLC
23 March 2018
 

DIRECTOR/PDMR SHAREHOLDING

OCADO GROUP PLC
23 March 2018
 
Ocado Group plc

Director/PDMR Notification
 
Ocado Group plc ("the Company") announces that it received a notification on 22 March 2018 in connection with its Directors' participation in the Ocado Long-Term Incentive Plan ("LTIP").
 
Notification is given relating to LTIP awards originally granted on 13 March 2015 and which vested on 22 March 2018 at 25% of the original award in accordance with the rules of the LTIP and the relevant performance criteria. Some of the shares were sold on 22 March 2018 to finance the associated tax and national insurance liabilities. No payment by the Executive Directors was required for the grant of the awards or issue of the shares on vesting. Details are as set out below.
 






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 Long-Term Incentive Plan.
An award was made to Tim Steiner on 13 March 2015. On 22 March 2018, 72,751 shares of the original award vested. Of those shares, 34,262 were sold to finance the associated tax and national insurance liabilities.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£5.265
 


34,262




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£5.265


34,262


£180,389.43




e)


Date of the transaction
 


22 March 2018




f)


Place of the transaction
 


London Stock Exchange (XLON)



 
 
 
 
 
 



 






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 Long-Term Incentive Plan.
An award was made to Tim Steiner on 13 March 2015. On 22 March 2018, 72,751 shares of the original award vested. Of those shares, 38,489 were transferred into Tim Steiner's name.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£0.00
 


38,489




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£0.00


38,489


£0.00




e)


Date of the transaction
 


22 March 2018




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 participated in the Ocado Long-Term Incentive Plan.
An award was made to Duncan Tatton-Brown on 13 March 2015. On 22 March 2018, 33,730 shares of the original award vested. Of those shares, 15,885 were sold to finance the associated tax and national insurance liabilities.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£5.265
 


15,885




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£5.265


15,885


£83,634.53




e)


Date of the transaction
 


22 March 2018




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 participated in the Ocado Long-Term Incentive Plan.
An award was made to Duncan Tatton-Brown on 13 March 2015. On 22 March 2018, 33,730 shares of the original award vested. Of those shares, 17,845 were transferred into Duncan Tatton-Brown's name.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£0.00
 


17,845




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£0.00


17,845


£0.00




e)


Date of the transaction
 


22 March 2018




f)


Place of the transaction
 


London Stock Exchange (XLON)



 
 
 
 
 
 



 






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 Long-Term Incentive Plan.
An award was made to Mark Richardson on 13 March 2015. On 22 March 2018, 33,730 shares of the original award vested. Of those shares, 15,885 were sold to finance the associated tax and national insurance liabilities.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£5.265
 


15,885




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£5.265


15,885


£83,634.53




e)


Date of the transaction
 


22 March 2018




f)


Place of the transaction
 


London Stock Exchange (XLON)



 
 
 
 
 
 



 






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 Long-Term Incentive Plan.
An award was made to Mark Richardson on 13 March 2015. On 22 March 2018, 33,730 shares of the original award vested. Of those shares, 17,845 were transferred into Mark Richardson's name.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£0.00
 


17,845




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£0.00


17,845


£0.00




e)


Date of the transaction
 


22 March 2018




f)


Place of the transaction
 


London Stock Exchange (XLON)



 
 
 
 
 
 



 






1


Details of the person discharging managerial responsibilities/person closely associated
 




a)


Name
 


Neill Abrams




2


Reason for the notification
 




a)


Position/status
 


Group General Counsel and Company Secretary




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
 


Neill Abrams participated in the Ocado Long-Term Incentive Plan.
An award was made to Neill Abrams on 13 March 2015. On 22 March 2018, 22,619 shares of the original award vested. Of those shares, 10,653 were sold to finance the associated tax and national insurance liabilities.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£5.265
 


10,653




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£5.265


10,653


£56,088.05




e)


Date of the transaction
 


22 March 2018




f)


Place of the transaction
 


London Stock Exchange (XLON)



 
 
 
 
 
 



 






1


Details of the person discharging managerial responsibilities/person closely associated
 




a)


Name
 


Neill Abrams




2


Reason for the notification
 




a)


Position/status
 


Group General Counsel and Company Secretary




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
 


Neill Abrams participated in the Ocado Long-Term Incentive Plan.
An award was made to Neill Abrams on 13 March 2015. On 22 March 2018, 22,619 shares of the original award vested. Of those shares, 11,966 were transferred into Neill Abrams' name.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£0.00
 


11,966




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£0.00


11,966


£0.00




e)


Date of the transaction
 


22 March 2018




f)


Place of the transaction
 


London Stock Exchange (XLON)



 
 
 
 
 
 



 
 
The LTIP was approved by shareholders at the Company's Annual General Meeting on 10 May 2013.
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 53 weeks ended 3 December 2017, except as otherwise amended by a subsequent announcement.
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
 
END
 
 
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