Director/PDMR Shareholding
Ocado Group
DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC
1 July 2020
Ocado Group plc
Director/PDMR Notification
Ocado Group plc (the "Company" or "Ocado") makes the following announcement regarding a transaction in Ocado ordinary shares of 2 pence each ("Shares") carried out by one of its Directors. The Company received notification on 30 June 2020 that Tim Steiner, Chief Executive Officer of Ocado, has completed a pre-existing forward sale agreement relating to the Shares.
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1 |
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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As described on page 238 of the prospectus issued by the Company on 6 July 2010, on 21 June 2010 Tim Steiner entered into seven contracts each for the transfer of 2,000,000 Shares held in his name to his father, Nicolas Steiner, in consideration of £100 and 97 per cent. of the market value of the Shares on completion (which amount may be paid over three years). As previously reported on 2 June 2019, the parties agreed to delay the date of completion of the first contract to 30 June 2020 or such other date as the parties may agree. The contract completed on 30 June 2020. |
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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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£19.66415
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2,000,000 |
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d) |
Aggregated information
- Aggregated volume
- Price
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Price |
Aggregated volume |
Aggregate total |
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£19.66415 |
2,000,000 |
£39,328,300.00 |
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e) |
Date of the transaction
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30 June 2020
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f) |
Place of the transaction
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Outside of a regulated market |
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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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