TIDMOCDO

RNS Number : 5354H

Ocado Group PLC

25 March 2020

DIRECTOR/PDMR SHAREHOLDING

OCADO GROUP PLC

25 March 2020

Ocado Group plc

Director/PDMR Notification

Ocado Group plc ("the Company") announces that it had notification from five Executive Directors (the "Directors"), in connection with their participation in the Ocado Annual Incentive Plan ("AIP").

On 20 March 2020, the Ocado Directors were granted awards under the AIP in the form of nil-cost Options (the "Award") over such ordinary shares of 2 pence each in the Company.

The AIP was approved by Shareholders at the Company's Annual General Meeting on 1 May 2019. The AIP Award is the first such award to be made under the AIP.

No payment is required for the grant of the AIP Award, or issue of the shares on vesting. For these AIP Awards, the number of shares was determined based on a price of 1446.785 pence per share, being the middle market quotation of the Company's ordinary shares on 19 March 2020.

A summary of the principal terms of the AIP are set out in the Notice of the Annual General Meeting dated 5 February 2019.

Details of the Award 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        Grant of a nil-cost option, subject to 
                                         the rules of the AIP. 
                                         50% of the AIP achieved in the financial 
                                         year ended 1 December 2019 is deferred 
                                         into shares for three years and is also 
                                         subject to a two-year holding period 
                                         on vesting. 
      -------------------------------  -------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                   Volume(s) 
      -------------------------------  -------------------------  ----------------------- 
   GBP0.00                                                         37,107 
  -------------------------                                       ----------------------- 
 d)         Aggregated information      Price           Aggregated        Aggregate total 
                                                         volume 
              *    Aggregated volume 
 
 
 
              *    Price 
      -------------------------------  --------------  ----------------  ---------------- 
   GBP0.00         37,107                                                 GBP0.00 
  --------------  -----------------------------------------------------  ---------------- 
 e)    Date of the transaction          20 March 2020 
      -------------------------------  -------------------------------------------------- 
 f)    Place of the transaction         Outside a regulated market 
      -------------------------------  -------------------------------------------------- 
 
 
 
       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        Grant of a nil-cost option, subject to 
                                         the rules of the AIP. 
                                         50% of the AIP achieved in the financial 
                                         year ended 1 December 2019 is deferred 
                                         into shares for three years and is also 
                                         subject to a two-year holding period 
                                         on vesting. 
      -------------------------------  ------------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                       Volume(s) 
      -------------------------------  -----------------------------  ------------------------ 
   GBP0.00                                                             17,632 
  -----------------------------                                       ------------------------ 
 d)         Aggregated information      Price           Aggregated volume      Aggregate 
                                                                                total 
              *    Aggregated volume 
 
 
 
              *    Price 
      -------------------------------  --------------  ---------------------  ---------------- 
   GBP0.00         17,632                                                      GBP0.00 
  --------------  ----------------------------------------------------------  ---------------- 
 e)    Date of the transaction          20 March 2020 
      -------------------------------  ------------------------------------------------------- 
 f)    Place of the transaction         Outside a regulated market 
      -------------------------------  ------------------------------------------------------- 
 
 
 
       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        Grant of a nil-cost option, subject to 
                                         the rules of the AIP. 
                                         50% of the AIP achieved in the financial 
                                         year ended 1 December 2019 is deferred 
                                         into shares for three years and is also 
                                         subject to a two-year holding period 
                                         on vesting. 
      -------------------------------  ------------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                       Volume(s) 
      -------------------------------  -----------------------------  ------------------------ 
   GBP0.00                                                             17,163 
  -----------------------------                                       ------------------------ 
 d)         Aggregated information      Price           Aggregated volume      Aggregate 
                                                                                total 
              *    Aggregated volume 
 
 
 
              *    Price 
      -------------------------------  --------------  ---------------------  ---------------- 
   GBP0.00         17,163                                                      GBP0.00 
  --------------  ----------------------------------------------------------  ---------------- 
 e)    Date of the transaction          20 March 2020 
      -------------------------------  ------------------------------------------------------- 
 f)    Place of the transaction         Outside a regulated market 
      -------------------------------  ------------------------------------------------------- 
 
 
 
       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        Grant of a nil-cost option, subject to 
                                         the rules of the AIP. 
                                         50% of the AIP achieved in the financial 
                                         year ended 1 December 2019 is deferred 
                                         into shares for three years and is also 
                                         subject to a two-year holding period 
                                         on vesting. 
      -------------------------------  -------------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                       Volume(s) 
      -------------------------------  -----------------------------  ------------------------- 
   GBP0.00                                                             15,940 
  -----------------------------                                       ------------------------- 
 d)         Aggregated information      Price            Aggregated volume      Aggregate 
                                                                                 total 
              *    Aggregated volume 
 
 
 
              *    Price 
      -------------------------------  ---------------  ---------------------  ---------------- 
   GBP0.00          15,940                                                      GBP0.00 
  ---------------  ----------------------------------------------------------  ---------------- 
 e)    Date of the transaction          20 March 2020 
      -------------------------------  -------------------------------------------------------- 
 f)    Place of the transaction         Outside a regulated market 
      -------------------------------  -------------------------------------------------------- 
 
 
 
       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        Grant of a nil-cost option, subject to 
                                         the rules of the AIP. 
                                         50% of the AIP achieved in the financial 
                                         year ended 1 December 2019 is deferred 
                                         into shares for three years and is also 
                                         subject to a two-year holding period 
                                         on vesting. 
      -------------------------------  ------------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                       Volume(s) 
      -------------------------------  -----------------------------  ------------------------ 
   GBP0.00                                                             18,249 
  -----------------------------                                       ------------------------ 
 d)         Aggregated information      Price           Aggregated volume      Aggregate 
                                                                                total 
              *    Aggregated volume 
 
 
 
              *    Price 
      -------------------------------  --------------  ---------------------  ---------------- 
   GBP0.00         18,249                                                      GBP0.00 
  --------------  ----------------------------------------------------------  ---------------- 
 e)    Date of the transaction          20 March 2020 
      -------------------------------  ------------------------------------------------------- 
 f)    Place of the transaction         Outside a regulated market 
      -------------------------------  ------------------------------------------------------- 
 
 

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

DSHUVSKRRWUOURR

(END) Dow Jones Newswires

March 25, 2020 05:51 ET (09:51 GMT)

Ocado (LSE:OCDO)
Gráfica de Acción Histórica
De Ago 2020 a Sep 2020 Haga Click aquí para más Gráficas Ocado.
Ocado (LSE:OCDO)
Gráfica de Acción Histórica
De Sep 2019 a Sep 2020 Haga Click aquí para más Gráficas Ocado.