REG - Ocado Group PLC - Director/PDMR Shareholding

OcadoAnnouncement

24/05/2019 15:40

RNS Number : 1876A
Ocado Group PLC
24 May 2019
 


DIRECTOR/PDMR NOTIFICATION

OCADO GROUP PLC
24 May 2019
Ocado Group plc

Director/PDMR Notification


Ocado Group plc (the "Company") makes the following announcement regarding its Directors' participation in The Ocado Growth Incentive Plan ("GIP").




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 Growth Incentive Plan ("GIP") pursuant to an award made on 8 May 2014. In accordance with the rules of the GIP and the relevant performance criteria, the GIP award vested in full on 8 May 2019. Tim Steiner exercised the option on 23 May 2019 and received a cash payment after income tax and National Insurance contributions were deducted. The exercise price was £12.402 per share, as determined under the Rules of the GIP.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£12.402
 


4,000,000




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£12.402


4,000,000


£49,608,000




e)


Date of the transaction
 


23 May 2019
 




f)


Place of the transaction
 


Outside a trading venue











 




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 Growth Incentive Plan ("GIP") pursuant to an award made on 8 May 2014. In accordance with the rules of the GIP and the relevant performance criteria, the GIP award vested in full on 8 May 2019. Duncan Tatton-Brown exercised the option on 23 May 2019 and received a cash payment after income tax and National Insurance contributions were deducted. The exercise price was £12.402 per share, as determined under the Rules of the GIP.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£12.402
 


1,000,000




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£12.402


1,000,000


£12,402,000




e)


Date of the transaction
 


23 May 2019
 




f)


Place of the transaction
 


Outside a trading venue











 




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 Growth Incentive Plan ("GIP") pursuant to an award made on 8 May 2014. In accordance with the rules of the GIP and the relevant performance criteria, the GIP award vested in full on 8 May 2019. Mark Richardson exercised the option on 23 May 2019 and received a cash payment after income tax and National Insurance contributions were deducted. The exercise price was £12.402 per share, as determined under the Rules of the GIP.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£12.402
 


1,000,000




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£12.402


1,000,000


£12,402,000




e)


Date of the transaction
 


23 May 2019
 




f)


Place of the transaction
 


Outside a trading venue











 
 




1


Details of the person discharging managerial responsibilities/person closely associated
 




a)


Name
 


Luke Jensen




2


Reason for the notification
 




a)


Position/status
 


CEO, Ocado Solutions




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
 


Luke Jensen participated in the Ocado Growth Incentive Plan ("GIP") pursuant to an award made on 22 February 2017. In accordance with the rules of the GIP and the relevant performance criteria, the GIP award vested in full on 8 May 2019. Luke Jensen exercised the option on 23 May 2019 and received a cash payment after income tax and National Insurance contributions were deducted. The exercise price was £12.402 per share, as determined under the Rules of the GIP.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£12.402
 


470,000




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£12.402


470,000


£5,828,940




e)


Date of the transaction
 


23 May 2019
 




f)


Place of the transaction
 


Outside a trading venue











 
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 
 
Ocado Group plc LEI: 213800LO8F61YB8MBC74




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