TIDMOCDO

RNS Number : 2771O

Ocado Group PLC

28 May 2020

DIRECTOR/PDMR NOTIFICATION

OCADO GROUP PLC

28 May 2020

Ocado Group plc

Director/PDMR Notification

Ocado Group plc (the "Company") announces that it had notification from Mark Richardson, Executive Director, in connection with his 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, Mark Richardson was granted options under the Sharesave at a price of GBP2.28 per Share.

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

Details are as set out below.

 
 1     Details of the person discharging managerial responsibilities/person 
        closely associated 
 a)    Name                             Mark Richardson 
      -------------------------------  --------------------------------------------------------------- 
 2     Reason for the notification 
      ------------------------------------------------------------------------------------------------ 
 a)    Position/status                  Chief Operating 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, an Executive Director 
                                         of Ocado Group plc, participated in the 
                                         Sharesave. 
 
                                         Mark Richardson 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 Mark Richardson'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          28 May 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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May 28, 2020 11:55 ET (15:55 GMT)

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