REG - Ocado Group PLC - Director/PDMR Shareholding

OcadoAnnouncement

16/07/2018 14:20

For best results when printing this announcement, please click on link below:
http://pdf.reuters.com/htmlnews/htmlnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20180713:nRSM7775Ua

RNS Number : 7775U
Ocado Group PLC
16 July 2018
 
The following amendment has been made to the Director/PDMR Shareholding'
announcement released on 13 July 2018 at 14:19 under RNS No. 6341U:
The price at which shares was sold has been amended.
All other details remain unchanged.
The full amended text is shown below.
 
DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC
13 July 2018
 
Ocado Group plc
Director/PDMR Notification
Ocado Group plc (the "Company") makes the following announcement regarding the
transactions in Ocado ordinary shares of 2 pence each ("Shares") carried out
by one of its Directors.
 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  Ordinary shares of 2 pence each in Ocado Group plc
     Identification code
                                                                  ISIN GB00B3MBS747
 b)  Nature of the transaction                                    Duncan Tatton-Brown, an Executive Director of Ocado, sold 365,000 shares
                                                            awarded to him under tranche 1 of the Ocado Joint Share Ownership Scheme on 1
                                                                  November 2012.
                                                                  The JSOS scheme, which was put in place prior to the Company's Admission in
                                                                  2010, involves the Executive Directors investing their own funds to purchase a
                                                                  shared interest in the Company's shares at the market value at that time. The
                                                                  Executive Directors invested from their own resources. The Ocado Employee
                                                                  Benefit Trust Trustee's interest in each Ordinary Share held under the JSOS is
                                                                  the value up to a specified price for the tranche of which that share forms
                                                                  part (the "Hurdle"). The participant's interest in each share was £8.76,
                                                                  which was the excess in value over the Hurdle price of £1.70.
                                                                  For a detailed description of the JSOS scheme refer to pages 249 to 252 of the
                                                                  Company's Prospectus.
 c)  Price(s) and volume(s)                                       Price(s)                                    Volume(s)
                                                                  £10.46                                      365,000
 d)  Aggregated information                                       Price                 Aggregated volume                           Aggregate total
     -     Aggregated volume
     -     Price
     £10.46                                                                                                   365,000                                     £
                                                                                                                                                          3
                                                                                                                                                          ,
                                                                                                                                                          8
                                                                                                                                                          1
                                                                                                                                                          7
                                                                                                                                                          ,
                                                                                                                                                          9
                                                                                                                                                          0
                                                                                                                                                          0
                                                                                                                                                          .
                                                                                                                                                          0
                                                                                                                                                          0
 e)  Date of the transaction                                      12 July 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  Ordinary shares of 2 pence each in Ocado Group plc
     Identification code
                                                                  ISIN GB00B3MBS747
 b)  Nature of the transaction                                    Duncan Tatton-Brown, an Executive Director of Ocado, sold 100,000 shares
                                                            awarded to him under tranche 2 of the Ocado Joint Share Ownership Scheme on 1
                                                                  November 2012.
                                                                  The JSOS scheme, which was put in place prior to the Company's Admission in
                                                                  2010, involves the Executive Directors investing their own funds to purchase a
                                                                  shared interest in the Company's shares at the market value at that time. The
                                                                  Executive Directors invested from their own resources. The Ocado Employee
                                                                  Benefit Trust Trustee's interest in each Ordinary Share held under the JSOS is
                                                                  the value up to a specified price for the tranche of which that share forms
                                                                  part (the "Hurdle"). The participant's interest in each share was £8.66,
                                                                  which was the excess in value over the Hurdle price of £1.80.
                                                                  For a detailed description of the JSOS scheme refer to pages 249 to 252 of the
                                                                  Company's Prospectus.
 c)  Price(s) and volume(s)                                       Price(s)                                    Volume(s)
                                                                  £10.46                                      100,000
 d)  Aggregated information                                       Price                 Aggregated volume                           Aggregate total
     -     Aggregated volume
     -     Price
     £10.46                                                                                                   100,000                                     £
                                                                                                                                                          1
                                                                                                                                                          ,
                                                                                                                                                          0
                                                                                                                                                          4
                                                                                                                                                          6
                                                                                                                                                          ,
                                                                                                                                                          0
                                                                                                                                                          0
                                                                                                                                                          0
                                                                                                                                                          .
                                                                                                                                                          0
                                                                                                                                                          0
 e)  Date of the transaction                                      12 July 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:
Robert Cooper
Deputy 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 (mailto:company.secretary@ocado.com)
 
Ocado Group plc LEI: 213800LO8F61YB8MBC74
 
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.