17 Mar 2017 13:28
DIRECTOR/PDMR SHAREHOLDINGOCADO GROUP PLC
17 March 2017
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Ocado Group plcDirector/PDMR Notification
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Ocado Group plc ("the Company") announces that it received a notification on 16 March 2017 in connection with its Directors' participation in the Ocado Long-Term Incentive Plan ("LTIP").
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Notification is given relating to LTIP awards originally granted on 5 February 2014 and which vested on 16 March 2017 at 42.76% of the original award in accordance with the rules of the LTIP and the relevant performance criteria. Some of the shares were sold on 16 March 2017 to finance the associated tax and national insurance liabilities. No payment by the Executive Directors was required for the grant of the awards or issue of the shares on vesting. Details are as set out below.
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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 Â | 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  | Tim Steiner participated in the Ocado Long-Term Incentive Plan. An award was made to Tim Steiner on 5 February 2014. On 16 March 2017, 74,653 shares of the original award vested. Of those shares, 35,158 were sold to finance the associated tax and national insurance liabilities. | |||
c) | Price(s) and volume(s) Â | Price(s) Â | Volume(s) | ||
£2.49007  | 35,158 | ||||
d) | Aggregated information  - Aggregated volume  - Price  | Price | Aggregated volume | Aggregate total | |
£2.49007 | 35,158 | £87,545.88 | |||
e) | Date of the transaction  | 16 March 2017 | |||
f) | Place of the transaction  | London Stock Exchange (XLON) | |||
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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 Â | 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  | Tim Steiner participated in the Ocado Long-Term Incentive Plan. An award was made to Tim Steiner on 5 February 2014. On 16 March 2017, 74,653 shares of the original award vested. Of those shares, 39,495 were transferred into Tim Steiner's name. | |||
c) | Price(s) and volume(s) Â | Price(s) Â | Volume(s) | ||
£0.00  | 39,495 | ||||
d) | Aggregated information  - Aggregated volume  - Price  | Price | Aggregated volume | Aggregate total | |
£0.00 | 39,495 | £0.00 | |||
e) | Date of the transaction  | 16 March 2017 | |||
f) | Place of the transaction  | London Stock Exchange (XLON) | |||
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1 | Details of the person discharging managerial responsibilities/person closely associated  | ||||
a) | Name  | Duncan Tatton-Brown | |||
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 Â | 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  | Duncan Tatton-Brown participated in the Ocado Long-Term Incentive Plan. An award was made to Duncan Tatton-Brown on 5 February 2014. On 16 March 2017, 41,059 shares of the original award vested. Of those shares, 19,337 were sold to finance the associated tax and national insurance liabilities. | |||
c) | Price(s) and volume(s) Â | Price(s) Â | Volume(s) | ||
£2.49007  | 19,337 | ||||
d) | Aggregated information  - Aggregated volume  - Price  | Price | Aggregated volume | Aggregate total | |
£2.49007 | 19,337 | £48,150.48 | |||
e) | Date of the transaction  | 16 March 2017 | |||
f) | Place of the transaction  | London Stock Exchange (XLON) | |||
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1 | Details of the person discharging managerial responsibilities/person closely associated  | ||||
a) | Name  | Duncan Tatton-Brown | |||
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 Â | 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  | Duncan Tatton-Brown participated in the Ocado Long-Term Incentive Plan. An award was made to Duncan Tatton-Brown on 5 February 2014. On 16 March 2017, 41,059 shares of the original award vested. Of those shares, 21,722 were transferred into Duncan Tatton-Brown's name. | |||
c) | Price(s) and volume(s) Â | Price(s) Â | Volume(s) | ||
£0.00  | 21,722 | ||||
d) | Aggregated information  - Aggregated volume  - Price  | Price | Aggregated volume | Aggregate total | |
£0.00 | 21,722 | £0.00 | |||
e) | Date of the transaction  | 16 March 2017 | |||
f) | Place of the transaction  | London Stock Exchange (XLON) | |||
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1 | Details of the person discharging managerial responsibilities/person closely associated  | ||||
a) | Name  | Mark Richardson | |||
2 | Reason for the notification  | ||||
a) | Position/status  | Chief Operations 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 Â | 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  | Mark Richardson participated in the Ocado Long-Term Incentive Plan. An award was made to Mark Richardson on 5 February 2014. On 16 March 2017, 41,059 shares of the original award vested. Of those shares, 19,337 were sold to finance the associated tax and national insurance liabilities. | |||
c) | Price(s) and volume(s) Â | Price(s) Â | Volume(s) | ||
£2.49007  | 19,337 | ||||
d) | Aggregated information  - Aggregated volume  - Price  | Price | Aggregated volume | Aggregate total | |
£2.49007 | 19,337 | £48,150.48 | |||
e) | Date of the transaction  | 16 March 2017 | |||
f) | Place of the transaction  | London Stock Exchange (XLON) | |||
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1 | Details of the person discharging managerial responsibilities/person closely associated  | ||||
a) | Name  | Mark Richardson | |||
2 | Reason for the notification  | ||||
a) | Position/status  | Chief Operations 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 Â | 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  | Mark Richardson participated in the Ocado Long-Term Incentive Plan. An award was made to Mark Richardson on 5 February 2014. On 16 March 2017, 41,059 shares of the original award vested. Of those shares, 21,722 were transferred into Mark Richardson's name. | |||
c) | Price(s) and volume(s) Â | Price(s) Â | Volume(s) | ||
£0.00  | 21,722 | ||||
d) | Aggregated information  - Aggregated volume  - Price  | Price | Aggregated volume | Aggregate total | |
£0.00 | 21,722 | £0.00 | |||
e) | Date of the transaction  | 16 March 2017 | |||
f) | Place of the transaction  | London Stock Exchange (XLON) | |||
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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 Â | 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 participated in the Ocado Long-Term Incentive Plan. An award was made to Neill Abrams on 5 February 2014. On 16 March 2017, 27,373 shares of the original award vested. Of those shares, 12,892 were sold to finance the associated tax and national insurance liabilities. | |||
c) | Price(s) and volume(s) Â | Price(s) Â | Volume(s) | ||
£2.49007  | 12,892 | ||||
d) | Aggregated information  - Aggregated volume  - Price  | Price | Aggregated volume | Aggregate total | |
£2.49007 | 12,892 | £32,101.98 | |||
e) | Date of the transaction  | 16 March 2017 | |||
f) | Place of the transaction  | London Stock Exchange (XLON) | |||
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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 Â | 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 participated in the Ocado Long-Term Incentive Plan. An award was made to Neill Abrams on 5 February 2014. On 16 March 2017, 27,373 shares of the original award vested. Of those shares, 14,481 were transferred into Neill Abrams' name. | |||
c) | Price(s) and volume(s) Â | Price(s) Â | Volume(s) | ||
£0.00  | 14,481 | ||||
d) | Aggregated information  - Aggregated volume  - Price  | Price | Aggregated volume | Aggregate total | |
£0.00 | 14,481 | £0.00 | |||
e) | Date of the transaction  | 16 March 2017 | |||
f) | Place of the transaction  | London Stock Exchange (XLON) | |||
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The LTIP was approved by shareholders at the Company's Annual General Meeting on 10 May 2013.
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 52 weeks ended 27 November 2016, 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.
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Person responsible for arranging the release of this announcement:
Neill AbramsCompany SecretaryOcado Group plcTitan Court3 Bishops SquareHatfield Business ParkHatfield, HertfordshireAL10 9NEemail:Â company.secretary@ocado.com
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Ocado (OCDO)