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29 Aug 2019 14:54
DIRECTOR/PDMR NOTIFICATIONOCADO GROUP PLC
29 August 2019
Ocado Group plcDirector/PDMR Notification
Ocado Group plc ("the Company") makes the following announcement regarding one if its Directors participation in The Ocado Save As You Earn Scheme ("Sharesave").
The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company on the same terms. It offers the opportunity for employees to buy ordinary shares of 2 pence each ("Shares") in the Company using savings accumulated over a three year period. The maximum amount permitted by HMRC to be invested in all Sharesave schemes is £6,000 per annum.
Neill Abrams, Executive Director, has elected to participate in the 2019 offer of Sharesave as detailed below. He has been granted 1,610 options over Shares. The options were granted at a price of 1117.44 pence per Share on 27 August 2019. The options become exercisable after three years on 1 December 2022. The notification of dealing form can be found below.
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 joined the Ocado Group plc Sharesave 2019 scheme and will make monthly contributions of £500. The Sharesave scheme is an HMRC approved, all employee savings-related share option plan. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
1117.44 pence per Share
| 1,610 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
1117.44 pence per Share | 1,610 | 1,610 | |||
e) | Date of the transaction
| 27 August 2019
| |||
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:
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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