Ocado Group PLC Director/PDMR Shareholding (7781R)
01 Julio 2020 - 12:26PM
UK Regulatory
TIDMOCDO
RNS Number : 7781R
Ocado Group PLC
01 July 2020
DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC
1 July 2020
Ocado Group plc
Director/PDMR Notification
Ocado Group plc (the "Company" or "Ocado") makes the following
announcement regarding a transaction in Ocado ordinary shares of 2
pence each ("Shares") carried out by one of its Directors. The
Company received notification on 30 June 2020 that Tim Steiner,
Chief Executive Officer of Ocado, has completed a pre-existing
forward sale agreement relating to the Shares.
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 As described on page 238 of the prospectus
issued by the Company on 6 July 2010, on
21 June 2010 Tim Steiner entered into seven
contracts each for the transfer of 2,000,000
Shares held in his name to his father,
Nicolas Steiner, in consideration of GBP100
and 97 per cent. of the market value of
the Shares on completion (which amount
may be paid over three years).
As previously reported on 2 June 2019,
the parties agreed to delay the date of
completion of the first contract to 30
June 2020 or such other date as the parties
may agree. The contract completed on 30
June 2020.
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c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- ---------------------- ----------------------------------------------
GBP19.66415 2,000,000
---------------------- ----------------------------------------------
d) Aggregated information Price Aggregated volume Aggregate total
* Aggregated volume
* Price
------------------------------------- --------------------- ------------------- --------------------------
GBP19.66415 2,000,000 GBP39,328,300.00
--------------------- -------------------------------------------------------------- --------------------------
e) Date of the transaction 30 June 2020
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f) Place of the transaction Outside of a regulated market
------------------------------------- ----------------------------------------------------------------------
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
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END
DSHUAUBRRUUBRAR
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July 01, 2020 13:26 ET (17:26 GMT)
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