TIDMOCDO
RNS Number : 2614H
Ocado Group PLC
23 March 2020
DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC
23 March 2020
Ocado Group plc
Director/PDMR Notification
Ocado Group plc ("the Company") announces that it received a
notification on 20 March 2020 in connection with its Directors'
participation in the Ocado Long-Term Incentive Plan ("LTIP").
Notification is given relating to LTIP awards originally granted
on 20 February 2017 and which vested on 19 March 2020 at 46.1% of
the original award in accordance with the rules of the LTIP and the
relevant performance criteria. Some of the shares were sold on 20
March 2020 to finance the associated tax and national insurance
liabilities. No payment by the Executive Directors was required for
the grant of the awards or issue of the shares on vesting. Details
are as set out below.
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Tim Steiner
------------------------------- --------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------- --------------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------------- --------------------------------------------------
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 Ordinary shares of 2 pence each in Ocado
financial instrument, Group plc
type of instrument
Identification code ISIN GB00B3MBS747
------------------------------- --------------------------------------------------
b) Nature of the transaction Tim Steiner participated in the Ocado
Long-Term Incentive Plan.
An award was made to Tim Steiner on 20
February 2017. On 19 March 2020, 208,778
shares of the original award vested.
Of those shares, 98,323 were sold on
20 March 2020 to finance the associated
tax and national insurance liabilities.
------------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------- -----------------------
GBP14.3289 98,323
------------------------- -----------------------
d) Aggregated information Price Aggregated Aggregate total
volume
* Aggregated volume
* Price
------------------------------- -------------- ---------------- ----------------
GBP14.3289 98,323 GBP1,408,860.43
-------------- ----------------------------------------------------- ----------------
e) Date of the transaction 20 March 2020
------------------------------- --------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- --------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Tim Steiner
------------------------------- --------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------
a) Position/status Chief Executive Officer
------------------------------- --------------------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------------- --------------------------------------------------------
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 Ordinary shares of 2 pence each in Ocado
financial instrument, Group plc
type of instrument
Identification code ISIN GB00B3MBS747
------------------------------- --------------------------------------------------------
b) Nature of the transaction Tim Steiner participated in the Ocado
Long-Term Incentive Plan.
An award was made to Tim Steiner on 20
February 2017. On 19 March 2020, 208,778
shares of the original award vested.
Of those shares, 110,455 were transferred
into Tim Steiner's name.
------------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------------ ------------------------
GBP0.00 110,455
------------------------------ ------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
------------------------------- --------------- --------------------- ----------------
GBP0.00 110,455 GBP0.00
--------------- ---------------------------------------------------------- ----------------
e) Date of the transaction 20 March 2020
------------------------------- --------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- --------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Duncan Tatton-Brown
------------------------------- ---------------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- ---------------------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------------- ---------------------------------------------------------
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 Ordinary shares of 2 pence each in Ocado
financial instrument, Group plc
type of instrument
Identification code ISIN GB00B3MBS747
------------------------------- ---------------------------------------------------------
b) Nature of the transaction Duncan Tatton-Brown participated in the
Ocado Long-Term Incentive Plan.
An award was made to Duncan Tatton-Brown
on 20 February 2017. On 19 March 2020,
96,797 shares of the original award vested.
Of those shares, 45,586 were sold on
20 March 2020 to finance the associated
tax and national insurance liabilities.
------------------------------- ---------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------------ -------------------------
GBP14.3289 45,586
------------------------------ -------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
------------------------------- --------------- --------------------- -----------------
GBP14.3289 45,586 GBP653,197.24
--------------- ---------------------------------------------------------- -----------------
e) Date of the transaction 20 March 2020
------------------------------- ---------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- ---------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Duncan Tatton-Brown
------------------------------- ---------------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------
a) Position/status Chief Financial Officer
------------------------------- ---------------------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------------- ---------------------------------------------------------
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 Ordinary shares of 2 pence each in Ocado
financial instrument, Group plc
type of instrument
Identification code ISIN GB00B3MBS747
------------------------------- ---------------------------------------------------------
b) Nature of the transaction Duncan Tatton-Brown participated in the
Ocado Long-Term Incentive Plan.
An award was made to Duncan Tatton-Brown
on 20 February 2017. On 19 March 2020,
96,797 shares of the original award vested.
Of those shares, 51,211 were transferred
into Duncan Tatton-Brown's name.
------------------------------- ---------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------------ -------------------------
GBP0.00 51,211
------------------------------ -------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
------------------------------- --------------- --------------------- -----------------
GBP0.00 51,211 GBP0.00
--------------- ---------------------------------------------------------- -----------------
e) Date of the transaction 20 March 2020
------------------------------- ---------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- ---------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Mark Richardson
------------------------------- ---------------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------
a) Position/status Chief Operations Officer
------------------------------- ---------------------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------------- ---------------------------------------------------------
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 Ordinary shares of 2 pence each in Ocado
financial instrument, Group plc
type of instrument
Identification code ISIN GB00B3MBS747
------------------------------- ---------------------------------------------------------
b) Nature of the transaction Mark Richardson participated in the Ocado
Long-Term Incentive Plan.
An award was made to Mark Richardson
on 20 February 2017. On 19 March 2020,
96,797 shares of the original award vested.
Of those shares, 45,586 were sold on
20 March 2020 to finance the associated
tax and national insurance liabilities.
------------------------------- ---------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------------ -------------------------
GBP14.3289 45,586
------------------------------ -------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
------------------------------- --------------- --------------------- -----------------
GBP14.3289 45,586 GBP653,197.24
--------------- ---------------------------------------------------------- -----------------
e) Date of the transaction 20 March 2020
------------------------------- ---------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- ---------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Mark Richardson
------------------------------- ---------------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------
a) Position/status Chief Operations Officer
------------------------------- ---------------------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------------- ---------------------------------------------------------
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 Ordinary shares of 2 pence each in Ocado
financial instrument, Group plc
type of instrument
Identification code ISIN GB00B3MBS747
------------------------------- ---------------------------------------------------------
b) Nature of the transaction Mark Richardson participated in the Ocado
Long-Term Incentive Plan.
An award was made to Mark Richardson
on 20 February 2017. On 19 March 2020,
96,797 shares of the original award vested.
Of those shares, 51,211 were transferred
into Mark Richardson's name.
------------------------------- ---------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------------ -------------------------
GBP0.00 51,211
------------------------------ -------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
------------------------------- --------------- --------------------- -----------------
GBP0.00 51,211 GBP0.00
--------------- ---------------------------------------------------------- -----------------
e) Date of the transaction 20 March 2020
------------------------------- ---------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- ---------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Neill Abrams
------------------------------- --------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------
a) Position/status Group General Counsel and Company Secretary
------------------------------- --------------------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------------- --------------------------------------------------------
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 Ordinary shares of 2 pence each in Ocado
financial instrument, Group plc
type of instrument
Identification code ISIN GB00B3MBS747
------------------------------- --------------------------------------------------------
b) Nature of the transaction Neill Abrams participated in the Ocado
Long-Term Incentive Plan.
An award was made to Neill Abrams on
20 February 2017. On 19 March 2020, 65,036
shares of the original award vested.
Of those shares, 30,629 were sold on
20 March 2020 to finance the associated
tax and national insurance liabilities.
------------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ----------------------------- -------------------------
GBP14.3289 30,629
----------------------------- -------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
------------------------------- --------------- --------------------- ----------------
GBP14.3289 30,629 GBP438,879.88
--------------- ---------------------------------------------------------- ----------------
e) Date of the transaction 20 March 2020
------------------------------- --------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- --------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Neill Abrams
------------------------------- --------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------
a) Position/status Group General Counsel and Company Secretary
------------------------------- --------------------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------------- --------------------------------------------------------
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 Ordinary shares of 2 pence each in Ocado
financial instrument, Group plc
type of instrument
Identification code ISIN GB00B3MBS747
------------------------------- --------------------------------------------------------
b) Nature of the transaction Neill Abrams participated in the Ocado
Long-Term Incentive Plan.
An award was made to Neill Abrams on
20 February 2017. On 19 March 2020, 65,036
shares of the original award vested.
Of those shares, 34,407 were transferred
into Neill Abrams' name.
------------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ----------------------------- -------------------------
GBP0.00 34,407
----------------------------- -------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
------------------------------- --------------- --------------------- ----------------
GBP0.00 34,407 GBP0.00
--------------- ---------------------------------------------------------- ----------------
e) Date of the transaction 20 March 2020
------------------------------- --------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- --------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Luke Jensen
------------------------------- ------------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------
a) Position/status CEO, Ocado Solutions
------------------------------- ------------------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------------- ------------------------------------------------------
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 Ordinary shares of 2 pence each in Ocado
financial instrument, Group plc
type of instrument
Identification code ISIN GB00B3MBS747
------------------------------- ------------------------------------------------------
b) Nature of the transaction Luke Jensen participated in the Ocado
Long-Term Incentive Plan.
An award was made to Luke Jensen on 20
February 2017. On 19 March 2020, 95,386
shares of the original award vested.
Of those shares, 44,922 were sold on
20 March 2020 to finance the associated
tax and national insurance liabilities.
------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ----------------------------- -----------------------
GBP14.3289 44,922
----------------------------- -----------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
------------------------------- -------------- --------------------- ---------------
GBP14.3289 44,922 GBP643,682.85
-------------- ---------------------------------------------------------- ---------------
e) Date of the transaction 20 March 2020
------------------------------- ------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- ------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Luke Jensen
------------------------------- -------------------------------------------------------
2 Reason for the notification
----------------------------------------------------------------------------------------
a) Position/status CEO, Ocado Solutions
------------------------------- -------------------------------------------------------
b) Initial notification/ Initial notification
Amendment
------------------------------- -------------------------------------------------------
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 Ordinary shares of 2 pence each in Ocado
financial instrument, Group plc
type of instrument
Identification code ISIN GB00B3MBS747
------------------------------- -------------------------------------------------------
b) Nature of the transaction Luke Jensen participated in the Ocado
Long-Term Incentive Plan.
An award was made to Luke Jensen on 20
February 2017. On 19 March 2020, 95,386
shares of the original award vested.
Of those shares, 50,464 were transferred
into Luke Jensen's name.
------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ----------------------------- ------------------------
GBP0.00 50,464
----------------------------- ------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
------------------------------- -------------- --------------------- ----------------
GBP0.00 50,464 GBP0.00
-------------- ---------------------------------------------------------- ----------------
e) Date of the transaction 20 March 2020
------------------------------- -------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- -------------------------------------------------------
The LTIP was approved by shareholders at the Company's Annual
General Meeting on 10 May 2013.
Further information concerning each Director's other interests
in shares and share schemes are set out in the Company's annual
report and accounts for the 52 weeks ended 1 December 2019, except
as otherwise amended by a subsequent announcement.
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
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHUOVVRRKUOUAR
(END) Dow Jones Newswires
March 23, 2020 12:03 ET (16:03 GMT)
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