Join our Investor Webinar on the 3rd December 18:00-19:30, with speakers from Sunda Energy and Blencowe Resources. Please register here.

Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Sponsored Content

Pin to quick picksOcado Regulatory News (OCDO)

Share Price Information for Ocado (OCDO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 343.50
Bid: 344.50
Ask: 345.10
Change: 2.10 (0.62%)
Spread: 0.60 (0.174%)
Open: 344.40
High: 349.30
Low: 340.50
Prev. Close: 341.40

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Directors' Dealings

24 Jul 2024 18:22

RNS Number : 7306X
Ocado Group PLC
24 July 2024
 

DIRECTOR/PDMR NOTIFICATIONOCADO GROUP PLC

24 July 2024

Ocado Group plcDirector/PDMR Notification

Ocado Group plc (the "Company" or "Ocado") makes the following announcement regarding a transaction in Ocado ordinary shares of 2 pence each ("Shares") carried out by one of its PDMRs. The Company received notification on 24 July 2024 that Tim Steiner, Chief Executive Officer, had agreed to delay the date of completion of share sale contracts.

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

 

As described on page 238 of the prospectus issued by the Company on 6 July 2010, on 21 June 2010 Tim Steiner entered into seven forward sale agreements, each in connection with 2,000,000 Shares (the "Forward Sale Agreements"), for the transfer of 14,000,000 Shares in aggregate held in his name to his father, Nicolas Steiner, in consideration of £100 and 97 percent of the market value of the Shares on completion (which amount may be paid over three years).

As previously reported on 17 May 2013, 13 May 2016, 2 June 2019, 20 May 2022 and 24 July 2023, the parties agreed to delay the date of completion. As a result, the first Forward Sale Agreement was extended to, and subsequently completed on, 30 June 2020. The second Forward Sale Agreement was extended to, and subsequently completed on, 30 June 2021. The completion of the third and fourth Forward Sale Agreements were extended to 24 July 2024. Each of the remaining three Forward Sale Agreements were due to complete on 24 July 2025 or such other date as the parties may agree.

By agreement dated 24 July 2024, Tim Steiner and Nicolas Steiner have further agreed to extend the completion date of the remaining Forward Sale Agreements as follows:

The third Forward Sale Agreement is extended to 24 July 2025 and the fourth Forward Sale Agreement is extended to 24 July 2026.

The completion of each of the remaining three Forward Sale Agreements is extended to 24 July 2026.

All other terms of the Forward Sale Agreements remain unaltered.

There is no additional consideration payable in respect of the agreements to delay completion.

Tim Steiner retains a beneficial interest in the transferring Shares until completion.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£0.00

 

10,000,000

d)

Aggregated information

 

- Aggregated volume

 

- Price

 

Price

Aggregated volume

Aggregate total

£0.00

10,000,000

£0.00

e)

Date of the transaction

 

24 July 2024

 

f)

Place of the transaction

 

Outside of a regulated market

 

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
 
 
DSHFLFFDDLISFIS
Date   Source Headline
1st Nov 202412:02 pmRNSTotal Voting Rights
31st Oct 20247:00 amRNSUpdate on Chair Appointment
22nd Oct 20245:18 pmRNSDirector/PDMR Shareholding
16th Oct 202411:19 amRNSDirector/PDMR Shareholding
1st Oct 20242:13 pmRNSTotal Voting Rights
19th Sep 20247:00 amRNSTrading Statement
16th Sep 20244:21 pmRNSDirector/PDMR Shareholding
2nd Sep 202411:56 amRNSTotal Voting Rights
27th Aug 20247:00 amRNSLaunch of Coles CFCs in Australia
21st Aug 20242:16 pmRNSHolding(s) in Company
15th Aug 20244:00 pmRNSDirector/PDMR Shareholding
12th Aug 20247:00 amRNSAdditional Listing
9th Aug 20247:00 amRNSBlock listing Interim Review
7th Aug 20249:09 amRNSResult of Tender Offer
5th Aug 20247:00 amRNSMaximum Spend Amount related to Tender Offer
1st Aug 20246:22 pmRNSUpsizing and pricing of High Yield Bond Offering
1st Aug 202411:21 amRNSTotal Voting Rights
30th Jul 20247:00 amRNSPricing of £250 million Convertible Bond Offering
29th Jul 20244:36 pmRNSProposed Convertible Bond Offering
29th Jul 20244:36 pmRNSProposed High Yield Bond Offering
29th Jul 20244:36 pmRNSTender Offer
24th Jul 20246:22 pmRNSDirectors' Dealings
22nd Jul 20247:00 amRNSKroger roll out of new technology enhancements
16th Jul 20244:01 pmRNSDirector/PDMR Shareholding
16th Jul 20247:00 amRNSHalf-year Report
8th Jul 20247:00 amRNSAeon Update
1st Jul 20245:08 pmRNSTotal Voting Rights
20th Jun 202411:37 amRNSUpdate on Sobeys Partnership
18th Jun 20244:32 pmRNSDirector/PDMR Shareholding
3rd Jun 202412:21 pmRNSTotal Voting Rights
21st May 20244:38 pmRNSDirector/PDMR Shareholding
16th May 202412:16 pmRNSDirector/PDMR Shareholding
9th May 20247:00 amRNSDirectorate Change
7th May 20243:43 pmRNSDirector/PDMR Shareholding
1st May 202410:26 amRNSTotal Voting Rights
29th Apr 20244:01 pmRNSResult of AGM
22nd Apr 20244:28 pmRNSDirector/PDMR Shareholding
15th Apr 20243:15 pmRNSDirector/PDMR Shareholding
15th Apr 202411:57 amRNSHolding(s) in Company
4th Apr 20247:00 amRNSDirectorate Change
2nd Apr 20241:01 pmRNSDirector/PDMR Shareholding
2nd Apr 202412:01 pmRNSTotal Voting Rights
28th Mar 20242:50 pmRNSDirector/PDMR Shareholding
28th Mar 20242:45 pmRNSDirector/PDMR Shareholding
28th Mar 20242:27 pmRNSDirector Declaration
26th Mar 20247:00 amRNSTrading Statement
15th Mar 20245:25 pmRNSDirector/PDMR Shareholding
1st Mar 202411:31 amRNSTotal Voting Rights
29th Feb 20244:41 pmRNSNotice of AGM
29th Feb 20244:25 pmRNSAnnual Financial Report

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Make Better Investment Decisions

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.