Ocado Group PLC Director/PDMR Shareholding (5203X)
25 November 2017 - 4:39AM
UK Regulatory
TIDMOCDO
RNS Number : 5203X
Ocado Group PLC
24 November 2017
DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC
24 November 2017
Ocado Group plc
Director/PDMR Notification
Ocado Group plc (the "Company") announces that it has received
notification that 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, has
transferred its ordinary shares in the Company to Linic Ltd, a
company wholly owned by Arthur Seligman, as trustee of the Steiner
2008 Millennium Trust (the "Transfer"). In connection with the
Transfer, the existing security interest over the shares has been
released and a new security interest granted on similar terms.
Following the Transaction, the shares therefore remain subject to a
security interest. There is no change in the underlying beneficial
ownership of the shares.
Details of the person discharging managerial
1 responsibilities/person closely associated
---- ----------------------------------------------------------------------------------------
a) Name Arthur Seligman as trustee of
the Steiner 2008 Millennium Trust
---- -------------------------------- ------------------------------------------------------
2 Reason for the notification
---- ----------------------------------------------------------------------------------------
a) Position/status Person closely associated with
Tim Steiner, Chief Executive
Officer
---- -------------------------------- ------------------------------------------------------
b) Initial notification/ Initial notification
Amendment
---- -------------------------------- ------------------------------------------------------
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 Ordinary shares of 2 pence each
the financial in Ocado Group plc
instrument, type
of instrument
ISIN GB00B3MBS747
Identification
code
---- -------------------------------- ------------------------------------------------------
b) Nature of the Release of security interest
transaction over ordinary shares in the Company
and transfer of such shares by
way of gift from Steiner 2008
Millennium Trust to Linic Ltd,
a company wholly owned by Arthur
Seligman as trustee of the Steiner
2008 Millennium Trust.
---- -------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- -------------------------------- -------------------- --------------------------------
GBP0.00 14,291,200
-------------------- --------------------------------
d) Aggregated information Price Aggregated Aggregate
volume total
* Aggregated volume
* Price
---- -------------------------------- ------------------- ------------ -------------------
GBP0.00 14,291,200 GBP0.00
------------------- -------------------------------------------------- -------------------
e) Date of the transaction 24 November 2017
---- -------------------------------- ------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---- -------------------------------- ------------------------------------------------------
Details of the person discharging managerial
1 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/ Initial notification
Amendment
---- -------------------------------- ------------------------------------------------------
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 Ordinary shares of 2 pence each
the financial in Ocado Group plc
instrument, type
of instrument
ISIN GB00B3MBS747
Identification
code
---- -------------------------------- ------------------------------------------------------
b) Nature of the Acquisition of ordinary shares
transaction in the Company by Linic Ltd,
a company wholly owned by Arthur
Seligman as trustee of the Steiner
2008 Millennium Trust, from Steiner
2008 Millennium Trust by way
of gift and the granting of a
security interest over such shares
(on similar terms to the security
interest which applied to such
shares prior to their transfer).
---- -------------------------------- ------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- -------------------------------- -------------------- --------------------------------
GBP0.00 14,291,200
-------------------- --------------------------------
d) Aggregated information Price Aggregated Aggregate
volume total
* Aggregated volume
* Price
---- -------------------------------- ------------------- ------------ -------------------
GBP0.00 14,291,200 GBP0.00
------------------- -------------------------------------------------- -------------------
e) Date of the transaction 24 November 2017
---- -------------------------------- ------------------------------------------------------
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 227997
email: company.secretary@ocado.com
Ocado Group plc LEI: 213800LO8F61YB8MBC74
This information is provided by RNS
The company news service from the London Stock Exchange
END
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