11 Apr 2018 16:59
DIRECTOR/PDMR SHAREHOLDINGOCADO GROUP PLC11 April 2018
Ocado Group plc
Director/PDMR Notification
Ocado Group plc (the "Company") announces that it has received notification of the release of a security interest over the ordinary shares in the Company held by Linic Ltd, a company wholly owned by Arthur Seligman, as trustee of the Steiner 2008 Millennium Trust, of which Tim Steiner, Ocado's Chief Executive Officer, is one of a number of discretionary beneficiaries. As announced on 28 November 2016, the security interest was granted in connection with a loan taken out for the purposes of settling obligations under a divorce judgment that was made by an order of court. The loan has been repaid and consequently the security interest has been released. There is no change in beneficial ownership of the shares.
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
| Release of a security interest over 9,791,200 ordinary shares in the Company. | |||
c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
£0.00
| 9,791,200 | ||||
d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
£0.00 | 9,791,200 | £0.00 | |||
e) | Date of the transaction
| 11 April 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 Abrams
Company Secretary
Ocado Group plc
Buildings One & Two
Trident Place
Mosquito Way
Hatfield
Hertfordshire AL10 9UL
Fax: +44 (0)1707 227 997
email: company.secretary@ocado.com
Ocado Group plc LEI: 213800LO8F61YB8MBC74
Ocado (OCDO)