Director/PDMR Shareholding
Ocado Group
The following amendment has been made to the Director/PDMR Shareholding' announcement released on 13 July 2018 at 14:19 under RNS No. 6341U:
The price at which shares was sold has been amended.
All other details remain unchanged.
The full amended text is shown below.
DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC
13 July 2018
Ocado Group plc
Director/PDMR Notification
Ocado Group plc (the "Company") makes the following announcement regarding the transactions in Ocado ordinary shares of 2 pence each ("Shares") carried out by one of its Directors.
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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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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
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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
|
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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Duncan Tatton-Brown, an Executive Director of Ocado, sold 365,000 shares awarded to him under tranche 1 of the Ocado Joint Share Ownership Scheme on 1 November 2012.
The JSOS scheme, which was put in place prior to the Company's Admission in 2010, involves the Executive Directors investing their own funds to purchase a shared interest in the Company's shares at the market value at that time. The Executive Directors invested from their own resources. The Ocado Employee Benefit Trust Trustee's interest in each Ordinary Share held under the JSOS is the value up to a specified price for the tranche of which that share forms part (the "Hurdle"). The participant's interest in each share was £8.76, which was the excess in value over the Hurdle price of £1.70.
For a detailed description of the JSOS scheme refer to pages 249 to 252 of the Company's Prospectus.
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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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£10.46
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365,000 |
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d) |
Aggregated information
- Aggregated volume
- Price
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Price |
Aggregated volume |
Aggregate total |
|
|
£10.46 |
365,000 |
£3,817,900.00 |
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|
e) |
Date of the transaction
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12 July 2018 |
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f) |
Place of the transaction
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London Stock Exchange (XLON) |
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|
1 |
Details of the person discharging managerial responsibilities/person closely associated
|
||||
|
a) |
Name
|
Duncan Tatton-Brown |
|||
|
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
Identification code
|
Ordinary shares of 2 pence each in Ocado Group plc
ISIN GB00B3MBS747 |
|||
|
b) |
Nature of the transaction
|
Duncan Tatton-Brown, an Executive Director of Ocado, sold 100,000 shares awarded to him under tranche 2 of the Ocado Joint Share Ownership Scheme on 1 November 2012.
The JSOS scheme, which was put in place prior to the Company's Admission in 2010, involves the Executive Directors investing their own funds to purchase a shared interest in the Company's shares at the market value at that time. The Executive Directors invested from their own resources. The Ocado Employee Benefit Trust Trustee's interest in each Ordinary Share held under the JSOS is the value up to a specified price for the tranche of which that share forms part (the "Hurdle"). The participant's interest in each share was £8.66, which was the excess in value over the Hurdle price of £1.80.
For a detailed description of the JSOS scheme refer to pages 249 to 252 of the Company's Prospectus.
|
|||
|
c) |
Price(s) and volume(s)
|
Price(s)
|
Volume(s) |
||
|
£10.46
|
100,000 |
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|
d) |
Aggregated information
- Aggregated volume
- Price
|
Price |
Aggregated volume |
Aggregate total |
|
|
£10.46 |
100,000 |
£1,046,000.00 |
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|
e) |
Date of the transaction
|
12 July 2018 |
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f) |
Place of the transaction
|
London Stock Exchange (XLON) |
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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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