6 Mar 2018 15:22
DIRECTOR/PDMR NOTIFICATIONOCADO GROUP PLC
6 March 2018
Ocado Group plcDirector/PDMR Notification
Ocado Group plc (the "Company") announces that it has received notification that Linic Ltd, a connected person to Tim Steiner, Ocado's Chief Executive Officer, has sold shares in the Company as set out below.
1 | Details of the person discharging managerial responsibilities/person closely associated
| ||||
a) | Name
| Linic Ltd | |||
2 | Reason for the notification
| ||||
a) | Position/status
| Person closely associated with Tim Steiner, 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
| Sale of 4,500,000 shares by Linic Ltd, a company wholly owned by Arthur Seligman as trustee of the Steiner 2008 Millennium Trust (of which Tim Steiner is one of a number of discretionary beneficiaries), and release of the security interest, previously notified to the market on 24 November 2017, over these 4,500,000 shares. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£5.40
| 4,500,000 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£5.40 | 4,500,000 | £24,300,000 | |||
e) | Date of the transaction
| 5 March 2018 | |||
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 plcBuildings One & Two Trident PlaceMosquito WayHatfieldHertfordshireAL10 9ULFax: +44 (0)1707 227997email: company.secretary@ocado.com
Ocado Group plc LEI: 213800LO8F61YB8MBC74
Ocado (OCDO)