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28 Nov 2016 14:18
DIRECTOR/PDMR SHAREHOLDINGOCADO GROUP PLC28 November 2016
Ocado Group plc
Director/PDMR Notification
Ocado Group plc (the "Company") announces that it has received notification that Tim Steiner, Chief Executive Officer of the Company, has granted a security interest over his ordinary shares in the Company. The security interest has been granted in connection with a loan taken out for the purposes of settling obligations under a divorce judgment that was made by an order of court. As a result, the completion of contracts for the transfer of some of these ordinary shares to Tim Steiner's father, Nicolas Steiner (previously notified on 13 May 2016), is conditional on the release of the security interest. There is no change in beneficial ownership of 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/ 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 of 2 pence each in Ocado Group plc
ISIN GB00B3MBS747 | |||
b) | Nature of the transaction
| Grant of a security interest over 15,197,812 ordinary shares in the Company (including those subject to forward sale agreements with Nicolas Steiner) and any further ordinary shares held from time to time. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£0.00
| 15,197,812 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£0.00 | 15,197,812 | £0.00 | |||
e) | Date of the transaction
| 25 November 2016 | |||
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:
Neill AbramsCompany SecretaryOcado Group plcTitan Court3 Bishops SquareHatfield Business ParkHatfield, Hertfordshire AL10 9NEFax: +44 (0)1707 227 997email: company.secretary@ocado.com
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