REG - Ocado Group PLC - Director/PDMR Shareholding
01/04/2025 18:00
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RNS Number : 2312D Ocado Group PLC 01 April 2025
1 April 2025
Ocado Group plc
Director/PDMR Shareholding
Ocado Group plc (the "Company") announces that on 28 March 2025 awards under
the Ocado Performance Share Plan 2024 (the "PSP"), the Ocado Annual Incentive
Plan (the "AIP") and the Ocado Restricted Share Plan (the "RSP") were granted
to the PDMRs.
PSP awards are subject to performance measures and have a vesting period of
three years followed by a holding period of two years for executive directors.
The PSP was approved by the Company's shareholders at the Company's annual
general meeting on 29 April 2024. A summary of the principal terms is set out
in the Notice of the annual general meeting dated 29 February 2024.
50% of the AIP achieved in the financial year ended 1 December 2024 is
deferred into shares for three years. The AIP was approved by the Company's
shareholders at the Company's annual general meeting on 1 May 2019. A summary
of the principal terms is set out in the Notice of the annual general meeting
dated 5 February 2019.
The RSP was approved by the Company's shareholders at the Company's annual
general meeting on 6 May 2020. A summary of the principal terms is set out in
the Notice of the annual general meeting dated 11 February 2020.
Details of the Awards 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 Ordinary shares in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Grant of a nil-cost option, subject to the rules of the PSP.
The shares are subject to a two-year holding period on vesting.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 1,703,070
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
£0.00 1,703,070 £
0
.
0
0
e) Date of the transaction 28 March 2025
f) Place of the transaction Outside a regulated market
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Mark Richardson
2 Reason for the notification
a) Position/status CEO, Ocado Intelligent Automation
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 in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Grant of a nil-cost option, subject to the rules of the PSP.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 806,370
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
£0.00 806,370 £
0
.
0
0
e) Date of the transaction 28 March 2025
f) Place of the transaction Outside a regulated market
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 in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Grant of a nil-cost option, subject to the rules of the PSP.
The shares are subject to a two-year holding period on vesting.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 1,147,267
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
£0.00 1,147,267 £
0
.
0
0
e) Date of the transaction 28 March 2025
f) Place of the transaction Outside a regulated market
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 in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Grant of a nil-cost option, subject to the rules of the PSP.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 998,005
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
£0.00 998,005 £
0
.
0
0
e) Date of the transaction 28 March 2025
f) Place of the transaction Outside a regulated market
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 in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Grant of a nil-cost option, subject to the rules of the AIP.
50% of the AIP achieved in the financial year ended 1 December 2024 is
deferred into shares for three years.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 324,530
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
£0.00 324,530 £
0
.
0
0
e) Date of the transaction 28 March 2025
f) Place of the transaction Outside a regulated market
1 Details of the person discharging managerial responsibilities/person closely
associated
a) Name Mark Richardson
2 Reason for the notification
a) Position/status CEO, Ocado Intelligent Automation
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 in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Grant of a nil-cost option, subject to the rules of the AIP.
50% of the AIP achieved in the financial year ended 1 December 2024 is
deferred into shares for three years.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 130,206
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
£0.00 130,206 £
0
.
0
0
e) Date of the transaction 28 March 2025
f) Place of the transaction Outside a regulated market
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 in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Grant of a nil-cost option, subject to the rules of the AIP.
50% of the AIP achieved in the financial year ended 1 December 2024 is
deferred into shares for three years.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 224,700
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
£0.00 224,700 £
0
.
0
0
e) Date of the transaction 28 March 2025
f) Place of the transaction Outside a regulated market
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 in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Grant of a nil-cost option, subject to the rules of the AIP.
50% of the AIP achieved in the financial year ended 1 December 2024 is
deferred into shares for three years.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 182,041
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
£0.00 182,041 £
0
.
0
0
e) Date of the transaction 28 March 2025
f) Place of the transaction Outside a regulated market
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 in Ocado Group plc
Identification code
ISIN GB00B3MBS747
b) Nature of the transaction Grant of a conditional award of ordinary shares in the Company, subject to the
rules of the RSP.
c) Price(s) and volume(s) Price(s) Volume(s)
£0.00 57,956
d) Aggregated information Price Aggregated volume Aggregate total
- Aggregated volume
- Price
£0.00 57,956 £
0
.
0
0
e) Date of the transaction 28 March 2025
f) Place of the transaction Outside a regulated market
Further information concerning each Director's other interests in shares and
share awards are set out in the Company's annual report and accounts for the
52 weeks ended 1 December 2024, 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:
Megan Barnes
Head of Secretariat
Ocado Group plc
Buildings One & Two Trident Place
Mosquito Way
Hatfield
Hertfordshire
AL10 9UL
email: company.secretary@ocado.com (mailto:company.secretary@ocado.com)
Ocado Group plc LEI: 213800LO8F61YB8MBC74
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