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Director/PDMR Shareholding
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DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC
21 February 2017
Ocado Group plc
Director/PDMR Notification
Ocado Group plc ("the Company") announces that on 20 February 2017 it granted awards ("Awards") to its executive directors pursuant to the Ocado Long-Term Incentive Plan ("LTIP), as follows:
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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 Long-Term Incentive Plan. Tim Steiner was awarded 452,881 conditional shares in Ocado Group plc. The award will vest in March 2020 subject to the satisfaction of performance conditions, as described in the Company's 2016 annual report and accounts. No payment is required for the awards. |
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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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£2.551792
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452,881 |
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d) |
Aggregated information
- Aggregated volume
- Price
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Price |
Aggregated volume |
Aggregate total |
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£2.551792 |
452,881 |
£1,155,660 |
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e) |
Date of the transaction
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20 February 2017 |
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f) |
Place of the transaction
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London Stock Exchange (XLON) |
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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
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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
|
||||
|
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 participated in the Ocado Long-Term Incentive Plan. Duncan Tatton-Brown was awarded 209,972 conditional shares in Ocado Group plc. The award will vest in March 2020 subject to the satisfaction of performance conditions, as described in the Company's 2016 annual report and accounts. No payment is required for the awards. |
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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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£2.551792
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209,972 |
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d) |
Aggregated information
- Aggregated volume
- Price
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Price |
Aggregated volume |
Aggregate total |
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£2.551792 |
209,972 |
£535,806 |
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e) |
Date of the transaction
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20 February 2017 |
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f) |
Place of the transaction
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London Stock Exchange (XLON) |
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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
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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
|
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
|
Mark Richardson participated in the Ocado Long-Term Incentive Plan. Mark Richardson was awarded 209,972 conditional shares in Ocado Group plc. The award will vest in March 2020 subject to the satisfaction of performance conditions, as described in the Company's 2016 annual report and accounts. No payment is required for the awards. |
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c) |
Price(s) and volume(s)
|
Price(s)
|
Volume(s) |
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|
£2.551792
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209,972 |
||||
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d) |
Aggregated information
- Aggregated volume
- Price
|
Price |
Aggregated volume |
Aggregate total |
|
|
£2.551792 |
209,972 |
£535,806 |
|||
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e) |
Date of the transaction
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20 February 2017 |
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f) |
Place of the transaction
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London Stock Exchange (XLON) |
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Details of the person discharging managerial responsibilities/person closely associated
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a) |
Name
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Neill Abrams |
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2 |
Reason for the notification
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a) |
Position/status
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Group General Counsel and Company Secretary |
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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 |
|||
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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
|
Neill Abrams participated in the Ocado Long-Term Incentive Plan. Neill Abrams was awarded 176,346 conditional shares in Ocado Group plc. The award will vest in March 2020 subject to the satisfaction of performance conditions, as described in the Company's 2016 annual report and accounts. No payment is required for the awards. |
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c) |
Price(s) and volume(s)
|
Price(s)
|
Volume(s) |
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£2.551792
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176,346 |
||||
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d) |
Aggregated information
- Aggregated volume
- Price
|
Price |
Aggregated volume |
Aggregate total |
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£2.551792 |
176,346 |
£450,000 |
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e) |
Date of the transaction
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20 February 2017 |
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f) |
Place of the transaction
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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:
Neill Abrams
Company Secretary
Ocado Group plc
Titan Court
3 Bishops Square
Hatfield Business Park
Hatfield, Hertfordshire
AL10 9NE
email: company.secretary@ocado.com
This information is provided by RNS
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