Director/PDMR Shareholding

Director/PDMR Shareholding

Ocado Group

RNS Number : 6931H
Ocado Group PLC
25 November 2022
 

DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC

25 November 2022

 

Ocado Group plc
Director/PDMR Notification


Ocado Group plc (the "Company") makes the following announcement regarding its PDMRs' participation in The Ocado Sharesave Scheme ("Sharesave").

Details are as set out below.

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Neill Abrams

2

Reason for the notification

 

a)

Position/status

 

Group General Counsel

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

 

Neill Abrams, an Executive Director of Ocado Group plc, executed an irrevocable instruction to enter into the 2023 Ocado Sharesave Scheme, with monthly savings contributions of £500. The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company.

 

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

Price to be set in February 2023

n/a

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

Price to be set in February 2023

n/a

n/a

e)

Date of the transaction

 

25 November 2022

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

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 of 2 pence each in Ocado Group plc

 

 

ISIN GB00B3MBS747

b)

Nature of the transaction

 

Tim Steiner, an Executive Director of Ocado Group plc, executed an irrevocable instruction to enter into the 2023 Ocado Sharesave Scheme, with monthly savings contributions of £500, providing certain conditions are met. The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

Price to be set in February 2023

n/a

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

Price to be set in February 2023

n/a

n/a

e)

Date of the transaction

 

25 November 2022

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

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

 

Identification code

 

Ordinary shares of 2 pence each in Ocado Group plc

 

 

ISIN GB00B3MBS747

b)

Nature of the transaction

 

Stephen Daintith, an Executive Director of Ocado Group plc, executed an irrevocable instruction to enter into the 2023 Ocado Sharesave Scheme, with monthly savings contributions of £500, providing certain conditions are met. The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company.

 

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

Price to be set in February 2023

n/a

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

Price to be set in February 2023

n/a

n/a

e)

Date of the transaction

 

25 November 2022

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

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

 

Identification code

 

Ordinary shares of 2 pence each in Ocado Group plc

 

 

ISIN GB00B3MBS747

b)

Nature of the transaction

 

James Matthews, a PDMR of Ocado Group plc, executed an irrevocable instruction to enter into the 2023 Ocado Sharesave Scheme, with monthly savings contributions of £500, providing certain conditions are met. The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

Price to be set in February 2023

n/a

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

Price to be set in February 2023

n/a

n/a

e)

Date of the transaction

 

25 November 2022

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 of 2 pence each in Ocado Group plc

 

 

ISIN GB00B3MBS747

b)

Nature of the transaction

 

Luke Jensen, an Executive Director of Ocado Group plc, executed an irrevocable instruction to enter into the 2023 Ocado Sharesave Scheme, with monthly savings contributions of £500, providing certain conditions are met. The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

Price to be set in February 2023

n/a

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

Price to be set in February 2023

n/a

n/a

e)

Date of the transaction

 

25 November 2022

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

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 of 2 pence each in Ocado Group plc

 

 

ISIN GB00B3MBS747

b)

Nature of the transaction

 

Tim Steiner, an Executive Director of Ocado Group plc, executed an irrevocable instruction to cancel his participation in the 2022 offer under the Ocado Sharesave Scheme, and discontinue his related monthly contributions of £500 in March 2023 resulting in the lapse of the options originally granted to him on 17 March 2022 with an exercise price of 1,199.97 pence, providing certain conditions are met. The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

1,199.97 pence per share

n/a

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

1,199.97

n/a

n/a

e)

Date of the transaction

 

25 November 2022

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

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

 

Identification code

 

Ordinary shares of 2 pence each in Ocado Group plc

 

 

ISIN GB00B3MBS747

b)

Nature of the transaction

 

Stephen Daintith, an Executive Director of Ocado Group plc, executed an irrevocable instruction to cancel his participation in the 2022 offer under the Ocado Sharesave Scheme, and discontinue his related monthly contributions of £500 in March 2023 resulting in the lapse of the options originally granted to him on 17 March 2022 with an exercise price of 1,199.97 pence, providing certain conditions are met. The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

1,199.97 pence per share

n/a

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

1,999.97

n/a

n/a

e)

Date of the transaction

 

25 November 2022

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

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

 

Identification code

 

Ordinary shares of 2 pence each in Ocado Group plc

 

 

ISIN GB00B3MBS747

b)

Nature of the transaction

 

James Matthews, a PDMR of Ocado Group plc, executed an irrevocable instruction to cancel his participation in the 2022 offer under the Ocado Sharesave Scheme, and discontinue his related monthly contributions of £500 in March 2023 resulting in the lapse of the options originally granted to him on 17 March 2022 with an exercise price of 1,199.97 pence, providing certain conditions are met. The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

1,199.97 pence per share

n/a

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

1,199.97

n/a

n/a

e)

Date of the transaction

 

25 November 2022

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 of 2 pence each in Ocado Group plc

 

 

ISIN GB00B3MBS747

b)

Nature of the transaction

 

Luke Jensen, an Executive Director of Ocado Group plc, executed an irrevocable instruction to cancel his participation in the 2022 offer under the Ocado Sharesave Scheme, and discontinue his related monthly contributions of £500 in March 2023 resulting in the lapse of the options originally granted to him on 17 March 2022 with an exercise price of 1,199.97 pence, providing certain conditions are met. The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

1,199.97 pence per share

n/a

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

1,199.97

n/a

n/a

e)

Date of the transaction

 

25 November 2022

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:

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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