REG - Ocado Group PLC - Director/PDMR Shareholding
31/03/2023 15:45
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RNS Number : 0060V Ocado Group PLC 31 March 2023
DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC
31 March 2023
Ocado Group plc
Director/PDMR Notification
Further to the announcement on 25 November 2022, in relation to the execution
of irrevocable instructions by five of its PDMRs, Ocado Group plc (the
"Company") makes the following announcement regarding their participation in
The Ocado Sharesave 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.
Per the irrevocable instructions, and the satisfaction of certain conditions
where applicable, the PDMRs have each elected to participate in the 2023 offer
of Sharesave. Each has been granted 4,043 options over Shares. The options
were granted at a price of 445.13 pence per share. The notification form for
each PDMR can be found below.
In addition, four PDMRs elected to cancel their participation in the 2022
offer of Sharesave, resulting in the lapse of options originally granted to
them on 17 March 2022 with an exercise price of 1,199.97 pence per share. The
options would have become exercisable on 1 May 2025. Each had 1,500 options
lapse. The notification form for each PDMR 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 Ordinary shares of 2 pence each in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Neill Abrams, an Executive Director of Ocado Group plc, participated in the
2023 Sharesave.
Neill Abrams was granted options under The Ocado Sharesave Scheme and will
make monthly savings contributions of £500. The Sharesave is a tax advantaged
share scheme offered to all eligible employees of the Company.
c) Price(s) and volume(s) Price(s) Volume(s)
445.13 pence per share 4,043
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
445.13 pence per share 4,043 £
1
7
,
9
9
6
.
6
1
e) Date of the transaction 29 March 2023
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 Ordinary shares of 2 pence each in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Tim Steiner, an Executive Director of Ocado Group plc, participated in the
2023 Sharesave.
Tim Steiner was granted options under The Ocado Sharesave Scheme and will make
monthly savings contributions of £500. The Sharesave is a tax advantaged
share scheme offered to all eligible employees of the Company.
c) Price(s) and volume(s) Price(s) Volume(s)
445.13 pence per share 4,043
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
445.13 pence per share 4,043 £
1
7
,
9
9
6
.
6
1
e) Date of the transaction 29 March 2023
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Stephen Daintith
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 Stephen Daintith, an Executive Director of Ocado Group plc, participated in
the 2023 Sharesave.
Stephen Daintith was granted options under The Ocado Sharesave Scheme and will
make monthly savings contributions of £500. The Sharesave is a tax advantaged
share scheme offered to all eligible employees of the Company.
c) Price(s) and volume(s) Price(s) Volume(s)
445.13 pence per share 4,043
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
445.13 pence per share 4,043 £
1
7
,
9
9
6
.
6
1
e) Date of the transaction 29 March 2023
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 Ordinary shares of 2 pence each in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Luke Jensen, an Executive Director of Ocado Group plc, participated in the
2023 Sharesave.
Luke Jensen was granted options under The Ocado Sharesave Scheme and will make
monthly savings contributions of £500. The Sharesave is a tax advantaged
share scheme offered to all eligible employees of the Company.
c) Price(s) and volume(s) Price(s) Volume(s)
445.13 pence per share 4,043
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
445.13 pence per share 4,043 £
1
7
,
9
9
6
.
6
1
e) Date of the transaction 29 March 2023
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name James Matthews
2 Reason for the notification
a) Position/status CEO, Ocado Technology
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 James Matthews, a PDMR of Ocado Group plc, participated in the 2023 Sharesave.
James Matthews was granted options under The Ocado Sharesave Scheme and will
make monthly savings contributions of £500. The Sharesave is a tax advantaged
share scheme offered to all eligible employees of the Company.
c) Price(s) and volume(s) Price(s) Volume(s)
445.13 pence per share 4,043
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
445.13 pence per share 4,043 £
1
7
,
9
9
6
.
6
1
e) Date of the transaction 29 March 2023
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 Ordinary shares of 2 pence each in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Tim Steiner cancelled his participation in the 2022 offer under The Ocado
Sharesave Scheme and discontinued his related monthly contributions, resulting
in the lapsing of the Options originally granted to him on 17 March 2022 with
an exercise price of 1,199.97 pence per Share. The Sharesave is a tax
advantaged share scheme offered to all eligible employees of the Company.
c) Price(s) and volume(s) Price(s) Volume(s)
1,199.97 pence per share 1,500
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
1,199.97 pence per share 1,500 £
1
7
,
9
9
9
.
5
5
e) Date of the transaction 29 March 2023
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Stephen Daintith
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 Stephen Daintith cancelled his participation in the 2022 offer under The Ocado
Sharesave Scheme and discontinued his related monthly contributions, resulting
in the lapsing of the Options originally granted to him on 17 March 2022 with
an exercise price of 1,199.97 pence per Share. The Sharesave is a tax
advantaged share scheme offered to all eligible employees of the Company.
c) Price(s) and volume(s) Price(s) Volume(s)
1,199.97 pence per share 1,500
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
1,199.97 pence per share 1,500 £
1
7
,
9
9
9
.
5
5
e) Date of the transaction 29 March 2023
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 Ordinary shares of 2 pence each in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Luke Jensen cancelled his participation in the 2022 offer under The Ocado
Sharesave Scheme and discontinued his related monthly contributions, resulting
in the lapsing of the Options originally granted to him on 17 March 2022 with
an exercise price of 1,199.97 pence per Share. The Sharesave is a tax
advantaged share scheme offered to all eligible employees of the Company.
c) Price(s) and volume(s) Price(s) Volume(s)
1,199.97 pence per share 1,500
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
1,199.97 pence per share 1,500 £
1
7
,
9
9
9
.
5
5
e) Date of the transaction 29 March 2023
f) Place of the transaction London Stock Exchange (XLON)
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name James Matthews
2 Reason for the notification
a) Position/status CEO, Ocado Technology
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 James Matthews cancelled his participation in the 2022 offer under The Ocado
Sharesave Scheme and discontinued his related monthly contributions, resulting
in the lapsing of the Options originally granted to him on 17 March 2022 with
an exercise price of 1,199.97 pence per Share. The Sharesave is a tax
advantaged share scheme offered to all eligible employees of the Company.
c) Price(s) and volume(s) Price(s) Volume(s)
1,199.97 pence per share 1,500
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
1,199.97 pence per share 1,500 £
1
7
,
9
9
9
.
5
5
e) Date of the transaction 29 March 2023
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
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