REG - Ocado Group PLC - Director/PDMR Shareholding

OcadoAnnouncement

11/04/2018 17:00

RNS Number : 6345K
Ocado Group PLC
11 April 2018
 

DIRECTOR/PDMR SHAREHOLDING

OCADO GROUP PLC



11 April 2018
 
 
Ocado Group plc 
Director/PDMR Notification
 
Ocado Group plc (the "Company") announces that it has received notification of the release of a security interest over the ordinary shares in the Company held by Tim Steiner, Chief Executive Officer of the Company. As announced on 28 November 2016, the security interest was granted in connection with a loan taken out for the purposes of settling obligations under a divorce judgment that was made by an order of court. The loan has been repaid and consequently the security interest has been released. There is no change in beneficial ownership of the shares.
 
 






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
 


Release of a security interest over 15,275,796 ordinary shares in the Company (including those subject to forward sale agreements with Nicolas Steiner).




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£0.00
 


15,275,796




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£0.00


15,275,796


£0.00




e)


Date of the transaction
 


11 April 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 227 997
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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