TIDMOCDO

RNS Number : 3094I

Ocado Group PLC

31 March 2020

DIRECTOR/PDMR NOTIFICATION

OCADO GROUP PLC

31 March 2020

Ocado Group plc

Director/PDMR Notification

Ocado Group plc (the "Company") announces that it had notification from three Executive Directors (the "Directors") in connection with their participation in the Company's 2016 Ocado Sharesave Scheme ("Sharesave").

The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company on the same terms. It offers the opportunity for employees to buy ordinary shares of 2 pence each ("Shares") in the Company using savings accumulated over a three year period. On 5 August 2016, the Ocado Directors were granted options under the Sharesave at a price of GBP2.28 per Share.

The options vested on 1 December 2019 and expire on 1 May 2020.

Details are as set out below.

 
 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/            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, an Executive Director of Ocado 
                                         Group plc, participated in the Sharesave, 
 
                                         Tim Steiner exercised his option over 7,894 
                                         shares under the Sharesave, at an option 
                                         price of GBP2.28 per ordinary share. The 
                                         shares were transferred into Tim Steiner's 
                                         name. 
      -------------------------------  ---------------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                        Volume(s) 
      -------------------------------  ------------------------------  -------------------------- 
   GBP2.28                                                              7,894 
  ------------------------------                                       -------------------------- 
 d)         Aggregated information      Price            Aggregated volume      Aggregate total 
 
              *    Aggregated volume 
 
 
 
              *    Price 
      -------------------------------  ---------------  ---------------------  ------------------ 
   GBP2.28          7,894                                                       GBP17,998.32 
  ---------------  ----------------------------------------------------------  ------------------ 
 e)    Date of the transaction          30 March 2020 
      -------------------------------  ---------------------------------------------------------- 
 f)    Place of the transaction         London Stock Exchange (XLON) 
      -------------------------------  ---------------------------------------------------------- 
 
 
 
 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/            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, an Executive Director 
                                         of Ocado Group plc, participated in the 
                                         Sharesave. 
 
                                         Duncan Tatton-Brown exercised his option 
                                         over 7,894 shares under the Sharesave, 
                                         at an option price of GBP2.28 per ordinary 
                                         share. The shares were transferred into 
                                         Duncan Tatton Brown's name. 
      -------------------------------  --------------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                       Volume(s) 
      -------------------------------  -----------------------------  -------------------------- 
   GBP2.28                                                             7,894 
  -----------------------------                                       -------------------------- 
 d)         Aggregated information      Price           Aggregated volume      Aggregate total 
 
              *    Aggregated volume 
 
 
 
              *    Price 
      -------------------------------  --------------  ---------------------  ------------------ 
   GBP2.28         7,894                                                       GBP17,998.32 
  --------------  ----------------------------------------------------------  ------------------ 
 e)    Date of the transaction          30 March 2020 
      -------------------------------  --------------------------------------------------------- 
 f)    Place of the transaction         London Stock Exchange (XLON) 
      -------------------------------  --------------------------------------------------------- 
 
 
 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                             Neill Abrams 
      -------------------------------  ------------------------------------------------------------- 
 2     Reason for the notification 
      ---------------------------------------------------------------------------------------------- 
 a)    Position/status                  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, an Executive Director of 
                                         Ocado Group plc, participated in the Sharesave. 
 
                                         Neill Abrams exercised his option over 
                                         7,894 shares under the Sharesave, at an 
                                         option price of GBP2.28 per ordinary share. 
 
                                         Of the 7,894 shares, 6,394 were retained 
                                         in Neill Abrams' name and 1,500 shares 
                                         immediately transferred to his wife Caryn 
                                         Abrams who is a person closely associated 
                                         ("PCA"). 
      -------------------------------  ------------------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                         Volume(s) 
      -------------------------------  -------------------------------  ---------------------------- 
   GBP2.28                                                               7,894 
  -------------------------------                                       ---------------------------- 
 d)         Aggregated information      Price             Aggregated volume      Aggregate total 
 
              *    Aggregated volume 
 
 
 
              *    Price 
      -------------------------------  ----------------  ---------------------  -------------------- 
   GBP2.28           7,894                                                       GBP17,998.32 
  ----------------  ----------------------------------------------------------  -------------------- 
 e)    Date of the transaction          30 March 2020 
      -------------------------------  ------------------------------------------------------------- 
 f)    Place of the transaction         London Stock Exchange (XLON) 
      -------------------------------  ------------------------------------------------------------- 
 
 
 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                             Caryn Abrams 
      -------------------------------  --------------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------------ 
 a)    Position/status                  PCA 
      -------------------------------  --------------------------------------------------------- 
 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        Caryn Abrams received 1,500 shares for 
                                         no monetary consideration from her husband 
                                         Neill Abrams. 
      -------------------------------  --------------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                       Volume(s) 
      -------------------------------  -----------------------------  -------------------------- 
   GBP0.00                                                             1,500 
  -----------------------------                                       -------------------------- 
 d)         Aggregated information      Price           Aggregated volume      Aggregate total 
 
              *    Aggregated volume 
 
 
 
              *    Price 
      -------------------------------  --------------  ---------------------  ------------------ 
   GBP0.00         1,500                                                       GBP0.00 
  --------------  ----------------------------------------------------------  ------------------ 
 e)    Date of the transaction          30 March 2020 
      -------------------------------  --------------------------------------------------------- 
 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

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

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March 31, 2020 12:49 ET (16:49 GMT)

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