REG - Ocado Group PLC - Director/PDMR Shareholding

OcadoAnnouncement

23/03/2020 16:05

RNS Number : 2614H
  
Ocado Group PLC
  
23 March 2020
  
 

DIRECTOR/PDMR SHAREHOLDING

OCADO GROUP PLC
23 March 2020
 
Ocado Group plc

Director/PDMR Notification
 
Ocado Group plc ("the Company") announces that it received a notification on 20 March 2020 in connection with its Directors' participation in the Ocado Long-Term Incentive Plan ("LTIP").
 
Notification is given relating to LTIP awards originally granted on 20 February 2017 and which vested on 19 March 2020 at 46.1% of the original award in accordance with the rules of the LTIP and the relevant performance criteria. Some of the shares were sold on 20 March 2020 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 20 February 2017. On 19 March 2020, 208,778 shares of the original award vested. Of those shares, 98,323 were sold on 20 March 2020 to finance the associated tax and national insurance liabilities. 




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£14.3289
 


98,323




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£14.3289


98,323


£1,408,860.43 




e)


Date of the transaction
 


20 March 2020




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 20 February 2017. On 19 March 2020, 208,778 shares of the original award vested. Of those shares, 110,455 were transferred into Tim Steiner's name. 




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£0.00
 


110,455




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£0.00


110,455


£0.00




e)


Date of the transaction
 


20 March 2020




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 20 February 2017. On 19 March 2020, 96,797 shares of the original award vested. Of those shares, 45,586 were sold on 20 March 2020 to finance the associated tax and national insurance liabilities.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£14.3289
 


45,586




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£14.3289


45,586


£653,197.24




e)


Date of the transaction
 


20 March 2020




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 20 February 2017. On 19 March 2020, 96,797 shares of the original award vested. Of those shares, 51,211 were transferred into Duncan Tatton-Brown's name.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£0.00
 


51,211




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£0.00


51,211


£0.00




e)


Date of the transaction
 


20 March 2020




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 20 February 2017. On 19 March 2020, 96,797 shares of the original award vested. Of those shares, 45,586 were sold on 20 March 2020 to finance the associated tax and national insurance liabilities.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£14.3289
 


45,586




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£14.3289


45,586


£653,197.24




e)


Date of the transaction
 


20 March 2020




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 20 February 2017. On 19 March 2020, 96,797 shares of the original award vested. Of those shares, 51,211 were transferred into Mark Richardson's name.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£0.00
 


51,211




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£0.00


51,211


£0.00




e)


Date of the transaction
 


20 March 2020




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 20 February 2017. On 19 March 2020, 65,036 shares of the original award vested. Of those shares, 30,629 were sold on 20 March 2020 to finance the associated tax and national insurance liabilities.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£14.3289
 


30,629




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£14.3289


30,629


£438,879.88




e)


Date of the transaction
 


20 March 2020




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 20 February 2017. On 19 March 2020, 65,036 shares of the original award vested. Of those shares, 34,407 were transferred into Neill Abrams' name.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£0.00
 


34,407




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£0.00


34,407


£0.00




e)


Date of the transaction
 


20 March 2020




f)


Place of the transaction
 


London Stock Exchange (XLON)











 
 




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 Long-Term Incentive Plan. 
An award was made to Luke Jensen on 20 February 2017. On 19 March 2020, 95,386 shares of the original award vested. Of those shares, 44,922 were sold on 20 March 2020 to finance the associated tax and national insurance liabilities.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£14.3289
 


44,922




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£14.3289


44,922


£643,682.85




e)


Date of the transaction
 


20 March 2020




f)


Place of the transaction
 


London Stock Exchange (XLON)











 




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 Long-Term Incentive Plan. 
An award was made to Luke Jensen on 20 February 2017. On 19 March 2020, 95,386 shares of the original award vested. Of those shares, 50,464 were transferred into Luke Jensen's name.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£0.00
 


50,464




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£0.00


50,464


£0.00




e)


Date of the transaction
 


20 March 2020




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 52 weeks ended 1 December 2019, 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:
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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