REG - Ocado Group PLC - Director/PDMR Shareholding

OcadoAnnouncement

22/03/2021 10:10

RNS Number : 0260T
  
Ocado Group PLC
  
22 March 2021
  
 

DIRECTOR/PDMR SHAREHOLDING

OCADO GROUP PLC
22 March 2021
 
Ocado Group plc

Director/PDMR Notification
 
Ocado Group plc ("the Company") announces that it received a notification on 18 March 2021 in connection with its Directors' participation in the Ocado Long-Term Incentive Plan ("LTIP").
 
Notification is given relating to LTIP awards originally granted on 1 March 2018 and which vested on 18 March 2021 at 79.9% of the original award in accordance with the rules of the LTIP and the relevant performance criteria. 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 1 March 2018. On 18 March 2021, 175,477 shares of the original award vested. Of those shares, 82,764 were sold on 18 March 2021 to settle the associated tax and national insurance liabilities. The remaining balance of 92,713 shares were transferred to a restricted account in Tim Steiner's name, where they are subject to a 2-year lockup.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£20.17349
 


82,764




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£20.17349


82,764


£1,669,638.73




e)


Date of the transaction
 


18 March 2021




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 1 March 2018. On 18 March 2021, 81,313 shares of the original award vested. Of those shares, 38,352 were sold on 18 March 2021 to settle the associated tax and national insurance liabilities. The remaining balance of 42,961 shares were transferred to a restricted account in Mark Richardson's name, where they are subject to a 2-year lockup.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£20.17349
 


38,352




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£20.17349


38,352


£773,693.69




e)


Date of the transaction
 


18 March 2021




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 1 March 2018. On 18 March 2021, 54,592 shares of the original award vested. Of those shares, 25,749 were sold on 18 March 2021 to finance the associated tax and national insurance liabilities. The remaining balance of 28,843 shares were transferred to a restricted account in Neill Abrams' name, where they are subject to a 2-year lockup.




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£20.17349
 


25,749




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£20.17349


25,749


£519,447.19




e)


Date of the transaction
 


18 March 2021




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 1 March 2018. On 18 March 2021, 77,989 shares of the original award vested. In accordance with the rules of the LTIP, Luke Jensen elected to exercise the award in full and received a cash payment after the associated tax and national insurance liabilities were deducted. .




c)


Price(s) and volume(s)
 


Price(s)
 


Volume(s)




£20.17349
 


77,989




d)


Aggregated information
 
-     Aggregated volume
 
-     Price
 


Price


Aggregated volume


Aggregate total




£20.17349


77,989


£1,573,310.31




e)


Date of the transaction
 


18 March 2021




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 29 November 2020, 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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