Director/PDMR Shareholding

Director/PDMR Shareholding

Ocado Group

RNS Number : 0997T
Ocado Group PLC
22 March 2021
 

DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC

22 March 2021

Ocado Group plc
Director/PDMR Notification


Ocado Group plc ("the Company") makes the following announcement regarding two of 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 (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.

Tim Steiner and Luke Jensen, Executive Directors, have elected to participate in the 2021 offer of Sharesave as detailed below. They have each been granted 767 options over Shares. The options were granted at a price of 2,346 pence per Share on 19 March 2021. The options become exercisable after three years on 1 May 2024. The notification of dealing form can be found 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 in Ocado Group plc

 

 

ISIN GB00B3MBS747

b)

Nature of the transaction

 

Tim Steiner joined the Ocado Group plc Sharesave 2021 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)

2,346 pence per Share

 

767

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

2,346 pence per share

767

767

e)

Date of the transaction

 

19 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 in Ocado Group plc

 

 

ISIN GB00B3MBS747

b)

Nature of the transaction

 

Luke Jensen joined the Ocado Group plc Sharesave 2021 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)

2,346 pence per Share

 

767

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

2,346 pence per Share

767

767

e)

Date of the transaction

 

19 March 2021

 

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:

Neill Abrams
Group General Counsel and 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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