REG - Ocado Group PLC - Director/PDMR Shareholding

OcadoAnnouncement

29/08/2019 14:55

RNS Number : 6059K
Ocado Group PLC
29 August 2019
 


DIRECTOR/PDMR NOTIFICATION

OCADO GROUP PLC
29 August 2019
Ocado Group plc

Director/PDMR Notification

Ocado Group plc ("the Company") makes the following announcement regarding one if its Directors participation in The Ocado Save As You Earn Scheme ("Sharesave").
The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company on the same terms. It offers the opportunity for employees to buy ordinary shares of 2 pence each ("Shares") in the Company using savings accumulated over a three year period. The maximum amount permitted by HMRC to be invested in all Sharesave schemes is £6,000 per annum.
Neill Abrams, Executive Director, has elected to participate in the 2019 offer of Sharesave as detailed below. He has been granted 1,610 options over Shares. The options were granted at a price of 1117.44 pence per Share on 27 August 2019. The options become exercisable after three years on 1 December 2022. The notification of dealing form can be found below. 
 




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 joined the Ocado Group plc Sharesave 2019 scheme and will make monthly contributions of £500. The Sharesave scheme is an HMRC approved, all employee savings-related share option plan.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




1117.44 pence per Share
 


1,610




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




1117.44 pence per Share


1,610


1,610




e)


Date of the transaction
 


27 August 2019
 




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 
 
Ocado Group plc LEI: 213800LO8F61YB8MBC74




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