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28 Mar 2019 16:21
DIRECTOR/PDMR SHAREHOLDINGOCADO GROUP PLC
28 March 2019
Ocado Group plcDirector/PDMR Notification
Ocado Group plc ("the Company") announces that it received a notification on 27 March 2019 in connection with its Directors' participation in the Ocado Long-Term Incentive Plan ("LTIP").
Notification is given relating to LTIP awards originally granted on 17 March 2016 and which vested on 27 March 2019 at 50% of the original award in accordance with the rules of the LTIP and the relevant performance criteria. Some of the shares were sold on 27 March 2019 to finance the associated tax and national insurance liabilities. No payment by the Executive Directors was required for the grant of the awards or issue of the shares on vesting. 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/ 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
| Tim Steiner participated in the Ocado Long-Term Incentive Plan. An award was made to Tim Steiner on 17 March 2016. On 27 March 2019, 214,942 shares of the original award vested. Of those shares, 101,226 were sold to finance the associated tax and national insurance liabilities. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£12.87496
| 101,226 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£12.87496 | 101,226 | £1,303,280.70 | |||
e) | Date of the transaction
| 27 March 2019 | |||
f) | Place of the transaction
| London Stock Exchange (XLON) | |||
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
| Tim Steiner participated in the Ocado Long-Term Incentive Plan. An award was made to Tim Steiner on 17 March 2016. On 27 March 2019, 214,942 shares of the original award vested. Of those shares, 113,716 were transferred into Tim Steiner's name. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£0.00
| 113,716 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£0.00 | 113,716 | £0.00 | |||
e) | Date of the transaction
| 27 March 2019 | |||
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/ 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
| Duncan Tatton-Brown participated in the Ocado Long-Term Incentive Plan. An award was made to Duncan Tatton-Brown on 17 March 2016. On 27 March 2019, 99,655 shares of the original award vested. Of those shares, 46,932 were sold to finance the associated tax and national insurance liabilities. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£12.87496
| 46,932 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£12.87496 | 46,932 | £604,247.62 | |||
e) | Date of the transaction
| 27 March 2019 | |||
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/ 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
| Duncan Tatton-Brown participated in the Ocado Long-Term Incentive Plan. An award was made to Duncan Tatton-Brown on 17 March 2016. On 27 March 2019, 99,655 shares of the original award vested. Of those shares, 52,723 were transferred into Duncan Tatton-Brown's name. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£0.00
| 52,723 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£0.00 | 52,723 | £0.00 | |||
e) | Date of the transaction
| 27 March 2019 | |||
f) | Place of the transaction
| London Stock Exchange (XLON) | |||
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||||
a) | Name
| Mark Richardson | |||
2 | Reason for the notification
| ||||
a) | Position/status
| Chief Operations 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
| Mark Richardson participated in the Ocado Long-Term Incentive Plan. An award was made to Mark Richardson on 17 March 2016. On 27 March 2019, 99,655 shares of the original award vested. Of those shares, 46,932 were sold to finance the associated tax and national insurance liabilities. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£12.87496
| 46,932 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£12.87496 | 46,932 | £604,247.62 | |||
e) | Date of the transaction
| 27 March 2019 | |||
f) | Place of the transaction
| London Stock Exchange (XLON) | |||
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||||
a) | Name
| Mark Richardson | |||
2 | Reason for the notification
| ||||
a) | Position/status
| Chief Operations 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
| Mark Richardson participated in the Ocado Long-Term Incentive Plan. An award was made to Mark Richardson on 17 March 2016. On 27 March 2019, 99,655 shares of the original award vested. Of those shares, 52,723 were transferred into Mark Richardson's name. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£0.00
| 52,723 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£0.00 | 52,723 | £0.00 | |||
e) | Date of the transaction
| 27 March 2019 | |||
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
| Group General Counsel and Company Secretary | |||
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
| Neill Abrams participated in the Ocado Long-Term Incentive Plan. An award was made to Neill Abrams on 17 March 2016. On 27 March 2019, 66,827 shares of the original award vested. Of those shares, 31,472 were sold to finance the associated tax and national insurance liabilities. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£12.87496
| 31,472 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£12.87496 | 31,472 | £405,200.74 | |||
e) | Date of the transaction
| 27 March 2019 | |||
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
| Group General Counsel and Company Secretary | |||
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
| Neill Abrams participated in the Ocado Long-Term Incentive Plan. An award was made to Neill Abrams on 17 March 2016. On 27 March 2019, 66,827 shares of the original award vested. Of those shares, 35,355 were transferred into Neill Abrams' name. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£0.00
| 35,355 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£0.00 | 35,355 | £0.00 | |||
e) | Date of the transaction
| 27 March 2019 | |||
f) | Place of the transaction
| London Stock Exchange (XLON) | |||
The LTIP was approved by shareholders at the Company's Annual General Meeting on 10 May 2013.
Further information concerning each Director's other interests in shares and share schemes are set out in the Company's annual report and accounts for the 52 weeks ended 2 December 2018, 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:
Robert CooperDeputy Company SecretaryOcado Group plcBuildings One & Two Trident PlaceMosquito WayHatfieldHertfordshireAL10 9ULFax: +44 (0)1707 227997email: company.secretary@ocado.com
Ocado Group plc LEI: 213800LO8F61YB8MBC74
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