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1 Apr 2025 17:47
1 April 2025
Ocado Group plcDirector/PDMR Shareholding
Ocado Group plc (the "Company") announces that on 28 March 2025 awards under the Ocado Performance Share Plan 2024 (the "PSP"), the Ocado Annual Incentive Plan (the "AIP") and the Ocado Restricted Share Plan (the "RSP") were granted to the PDMRs.
PSP awards are subject to performance measures and have a vesting period of three years followed by a holding period of two years for executive directors. The PSP was approved by the Company's shareholders at the Company's annual general meeting on 29 April 2024. A summary of the principal terms is set out in the Notice of the annual general meeting dated 29 February 2024.
50% of the AIP achieved in the financial year ended 1 December 2024 is deferred into shares for three years. The AIP was approved by the Company's shareholders at the Company's annual general meeting on 1 May 2019. A summary of the principal terms is set out in the Notice of the annual general meeting dated 5 February 2019.
The RSP was approved by the Company's shareholders at the Company's annual general meeting on 6 May 2020. A summary of the principal terms is set out in the Notice of the annual general meeting dated 11 February 2020.
Details of the Awards 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/ Amendment
| Initial notification | |||
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 financial instrument, type of instrument
Identification code
| Ordinary shares in Ocado Group plc
ISIN GB00B3MBS747 | |||
b) | Nature of the transaction
| Grant of a nil-cost option, subject to the rules of the PSP. The shares are subject to a two-year holding period on vesting. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£0.00
| 1,703,070 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£0.00 | 1,703,070 | £0.00 | |||
e) | Date of the transaction
| 28 March 2025 | |||
f) | Place of the transaction
| Outside a regulated market | |||
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||||
a) | Name
| Mark Richardson | |||
2 | Reason for the notification
| ||||
a) | Position/status
| CEO, Ocado Intelligent Automation | |||
b) | Initial notification/ Amendment
| Initial notification | |||
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 financial instrument, type of instrument
Identification code
| Ordinary shares in Ocado Group plc
ISIN GB00B3MBS747 | |||
b) | Nature of the transaction
| Grant of a nil-cost option, subject to the rules of the PSP. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£0.00
| 806,370 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£0.00 | 806,370 | £0.00 | |||
e) | Date of the transaction
| 28 March 2025 | |||
f) | Place of the transaction
| Outside a regulated market | |||
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||||
a) | Name
| Stephen Daintith | |||
2 | Reason for the notification
| ||||
a) | Position/status
| Chief Financial Officer | |||
b) | Initial notification/ Amendment
| Initial notification | |||
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 financial instrument, type of instrument
Identification code
| Ordinary shares in Ocado Group plc
ISIN GB00B3MBS747 | |||
b) | Nature of the transaction
| Grant of a nil-cost option, subject to the rules of the PSP. The shares are subject to a two-year holding period on vesting. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£0.00
| 1,147,267 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£0.00 | 1,147,267 | £0.00 | |||
e) | Date of the transaction
| 28 March 2025 | |||
f) | Place of the transaction
| Outside a regulated market | |||
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||||
a) | Name
| James Matthews | |||
2 | Reason for the notification
| ||||
a) | Position/status
| CEO, Ocado Technology | |||
b) | Initial notification/ Amendment
| Initial notification | |||
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 financial instrument, type of instrument
Identification code
| Ordinary shares in Ocado Group plc
ISIN GB00B3MBS747 | |||
b) | Nature of the transaction
| Grant of a nil-cost option, subject to the rules of the PSP. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£0.00
| 998,005 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£0.00 | 998,005 | £0.00 | |||
e) | Date of the transaction
| 28 March 2025 | |||
f) | Place of the transaction
| Outside a regulated market | |||
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/ Amendment
| Initial notification | |||
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 financial instrument, type of instrument
Identification code
| Ordinary shares in Ocado Group plc
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 2024 is deferred into shares for three years. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£0.00
| 324,530 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£0.00 | 324,530 | £0.00 | |||
e) | Date of the transaction
| 28 March 2025 | |||
f) | Place of the transaction
| Outside a regulated market | |||
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||||
a) | Name
| Mark Richardson | |||
2 | Reason for the notification
| ||||
a) | Position/status
| CEO, Ocado Intelligent Automation | |||
b) | Initial notification/ Amendment
| Initial notification | |||
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 financial instrument, type of instrument
Identification code
| Ordinary shares in Ocado Group plc
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 2024 is deferred into shares for three years. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£0.00
| 130,206 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£0.00 | 130,206 | £0.00 | |||
e) | Date of the transaction
| 28 March 2025 | |||
f) | Place of the transaction
| Outside a regulated market | |||
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||||
a) | Name
| Stephen Daintith | |||
2 | Reason for the notification
| ||||
a) | Position/status
| Chief Financial Officer | |||
b) | Initial notification/ Amendment
| Initial notification | |||
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 financial instrument, type of instrument
Identification code
| Ordinary shares in Ocado Group plc
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 2024 is deferred into shares for three years. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£0.00
| 224,700 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£0.00 | 224,700 | £0.00 | |||
e) | Date of the transaction
| 28 March 2025 | |||
f) | Place of the transaction
| Outside a regulated market | |||
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||||
a) | Name
| James Matthews | |||
2 | Reason for the notification
| ||||
a) | Position/status
| CEO, Ocado Technology | |||
b) | Initial notification/ Amendment
| Initial notification | |||
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 financial instrument, type of instrument
Identification code
| Ordinary shares in Ocado Group plc
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 2024 is deferred into shares for three years. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£0.00
| 182,041 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£0.00 | 182,041 | £0.00 | |||
e) | Date of the transaction
| 28 March 2025 | |||
f) | Place of the transaction
| Outside a regulated market | |||
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||||
a) | Name
| James Matthews | |||
2 | Reason for the notification
| ||||
a) | Position/status
| CEO, Ocado Technology | |||
b) | Initial notification/ Amendment
| Initial notification | |||
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 financial instrument, type of instrument
Identification code
| Ordinary shares in Ocado Group plc
ISIN GB00B3MBS747 | |||
b) | Nature of the transaction
| Grant of a conditional award of ordinary shares in the Company, subject to the rules of the RSP. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£0.00
| 57,956 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£0.00 | 57,956 | £0.00 | |||
e) | Date of the transaction
| 28 March 2025 | |||
f) | Place of the transaction
| Outside a regulated market | |||
Further information concerning each Director's other interests in shares and share awards are set out in the Company's annual report and accounts for the 52 weeks ended 1 December 2024, 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:
Megan BarnesHead of SecretariatOcado Group plcBuildings One & Two Trident PlaceMosquito WayHatfieldHertfordshireAL10 9ULemail: company.secretary@ocado.com
Ocado Group plc LEI: 213800LO8F61YB8MBC74
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