Director/PDMR Shareholding
Ocado Group
DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC
24 May 2019
Ocado Group plc
Director/PDMR Notification
Ocado Group plc (the "Company") makes the following announcement regarding its Directors' participation in The Ocado Growth Incentive Plan ("GIP").
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Details of the person discharging managerial responsibilities/person closely associated
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a) |
Name
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Tim Steiner |
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2 |
Reason for the notification
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a) |
Position/status
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Chief Executive Officer |
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b) |
Initial notification/ Amendment
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Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
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a) |
Name
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Ocado Group plc |
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b) |
LEI
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213800LO8F61YB8MBC74 |
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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
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a) |
Description of the financial instrument, type of instrument
Identification code
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Ordinary shares of 2 pence each in Ocado Group plc
ISIN GB00B3MBS747 |
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b) |
Nature of the transaction
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Tim Steiner participated in the Ocado Growth Incentive Plan ("GIP") pursuant to an award made on 8 May 2014. In accordance with the rules of the GIP and the relevant performance criteria, the GIP award vested in full on 8 May 2019. Tim Steiner exercised the option on 23 May 2019 and received a cash payment after income tax and National Insurance contributions were deducted. The exercise price was £12.402 per share, as determined under the Rules of the GIP. |
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c) |
Price(s) and volume(s)
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Price(s)
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Volume(s) |
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£12.402
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4,000,000 |
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d) |
Aggregated information
- Aggregated volume
- Price
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Price |
Aggregated volume |
Aggregate total |
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£12.402 |
4,000,000 |
£49,608,000 |
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e) |
Date of the transaction
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23 May 2019
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f) |
Place of the transaction
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Outside a trading venue |
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Details of the person discharging managerial responsibilities/person closely associated
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a) |
Name
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Duncan Tatton-Brown |
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2 |
Reason for the notification
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a) |
Position/status
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Chief Financial Officer |
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b) |
Initial notification/ Amendment
|
Initial notification |
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3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||
|
a) |
Name
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Ocado Group plc |
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b) |
LEI
|
213800LO8F61YB8MBC74 |
|||
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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 Growth Incentive Plan ("GIP") pursuant to an award made on 8 May 2014. In accordance with the rules of the GIP and the relevant performance criteria, the GIP award vested in full on 8 May 2019. Duncan Tatton-Brown exercised the option on 23 May 2019 and received a cash payment after income tax and National Insurance contributions were deducted. The exercise price was £12.402 per share, as determined under the Rules of the GIP. |
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c) |
Price(s) and volume(s)
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Price(s)
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Volume(s) |
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£12.402
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1,000,000 |
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d) |
Aggregated information
- Aggregated volume
- Price
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Price |
Aggregated volume |
Aggregate total |
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£12.402 |
1,000,000 |
£12,402,000 |
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e) |
Date of the transaction
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23 May 2019
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f) |
Place of the transaction
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Outside a trading venue |
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Details of the person discharging managerial responsibilities/person closely associated
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a) |
Name
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Mark Richardson |
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2 |
Reason for the notification
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a) |
Position/status
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Chief Operations Officer |
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b) |
Initial notification/ Amendment
|
Initial notification |
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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 Growth Incentive Plan ("GIP") pursuant to an award made on 8 May 2014. In accordance with the rules of the GIP and the relevant performance criteria, the GIP award vested in full on 8 May 2019. Mark Richardson exercised the option on 23 May 2019 and received a cash payment after income tax and National Insurance contributions were deducted. The exercise price was £12.402 per share, as determined under the Rules of the GIP. |
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c) |
Price(s) and volume(s)
|
Price(s)
|
Volume(s) |
||
|
£12.402
|
1,000,000 |
||||
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d) |
Aggregated information
- Aggregated volume
- Price
|
Price |
Aggregated volume |
Aggregate total |
|
|
£12.402 |
1,000,000 |
£12,402,000 |
|||
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e) |
Date of the transaction
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23 May 2019
|
|||
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f) |
Place of the transaction
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Outside a trading venue |
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Details of the person discharging managerial responsibilities/person closely associated
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a) |
Name
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Luke Jensen |
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2 |
Reason for the notification
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a) |
Position/status
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CEO, Ocado Solutions |
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b) |
Initial notification/ Amendment
|
Initial notification |
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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 Growth Incentive Plan ("GIP") pursuant to an award made on 22 February 2017. In accordance with the rules of the GIP and the relevant performance criteria, the GIP award vested in full on 8 May 2019. Luke Jensen exercised the option on 23 May 2019 and received a cash payment after income tax and National Insurance contributions were deducted. The exercise price was £12.402 per share, as determined under the Rules of the GIP. |
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c) |
Price(s) and volume(s)
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Price(s)
|
Volume(s) |
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£12.402
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470,000 |
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d) |
Aggregated information
- Aggregated volume
- Price
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Price |
Aggregated volume |
Aggregate total |
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£12.402 |
470,000 |
£5,828,940 |
|||
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e) |
Date of the transaction
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23 May 2019
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f) |
Place of the transaction
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Outside a trading venue |
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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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