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Pin to quick picksOcado Regulatory News (OCDO)

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Director/PDMR Shareholding

28 Mar 2024 14:50

RNS Number : 7746I
Ocado Group PLC
28 March 2024

DIRECTOR/PDMR SHAREHOLDINGOCADO GROUP PLC

28 March 2024

Ocado Group plcDirector/PDMR Notification

Ocado Group plc ("the Company") announces that on 27 March 2024 awards under the Ocado Annual Incentive Plan ("AIP") were granted to the PDMRs detailed below in the form of nil-cost options (the "Awards") over ordinary shares in the Company.

The AIP was approved by Shareholders at the Company's Annual General Meeting on 1 May 2019.

No payment is required for the grant of the AIP Awards, or issue of the shares on vesting. For these AIP Awards, the number of shares was determined based on a price of 464.7 pence per share, being the volume weighted average price of a share for the three business days immediately before the Award Date.

A summary of the principal terms of the AIP are set out in the Notice of the Annual General Meeting dated 5 February 2019.

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 AIP.

50% of the AIP achieved in the financial year ended 3 December 2023 is deferred into shares for three years and is also subject to a two-year holding period on vesting.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.00

119,023

d)

Aggregated information

- Aggregated volume

- Price

Price

Aggregated volume

Aggregate total

£0.00

119,023

£0.00

e)

Date of the transaction

27 March 2024

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 3 December 2023 is deferred into shares for three years and is also subject to a two-year holding period on vesting.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.00

63,132

d)

Aggregated information

- Aggregated volume

- Price

Price

Aggregated volume

Aggregate total

£0.00

63,132

£0.00

e)

Date of the transaction

27 March 2024

f)

Place of the transaction

Outside a regulated market

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 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 3 December 2023 is deferred into shares for three years and is also subject to a two-year holding period on vesting.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.00

80,434

d)

Aggregated information

- Aggregated volume

- Price

Price

Aggregated volume

Aggregate total

£0.00

80,434

£0.00

e)

Date of the transaction

27 March 2024

f)

Place of the transaction

Outside a regulated market

1

Details of the person discharging managerial responsibilities/person closely associated

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 3 December 2023 is deferred into shares for three years and is also subject to a two-year holding period on vesting.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.00

93,751

d)

Aggregated information

- Aggregated volume

- Price

Price

Aggregated volume

Aggregate total

£0.00

93,751

£0.00

e)

Date of the transaction

27 March 2024

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 3 December 2023 is deferred into shares for three years and is also subject to a two-year holding period on vesting.

c)

Price(s) and volume(s)

Price(s)

Volume(s)

£0.00

70,991

d)

Aggregated information

- Aggregated volume

- Price

Price

Aggregated volume

Aggregate total

£0.00

70,991

£0.00

e)

Date of the transaction

27 March 2024

f)

Place of the transaction

Outside a regulated market

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 53 weeks ended 3 December 2023, 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 9ULFax: +44 (0)1707 227997email: 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.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
END
DSHUWSSRSWUOUAR
Date   Source Headline
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