Ocado Group PLC Director/PDMR Shareholding (6359K)
12 April 2018 - 1:59AM
UK Regulatory
TIDMOCDO
RNS Number : 6359K
Ocado Group PLC
11 April 2018
DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC
11 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.
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 Release of a security interest
transaction over 9,791,200 ordinary shares
in the Company.
---- -------------------------------- -------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---- -------------------------------- ------------------ -----------------------------
GBP0.00 9,791,200
------------------ -----------------------------
d) Aggregated information Price Aggregated Aggregate
volume total
* Aggregated volume
* Price
---- -------------------------------- ----------------- ------------ ----------------
GBP0.00 9,791,200 GBP0.00
----------------- -------------------------------------------------- ----------------
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
This information is provided by RNS
The company news service from the London Stock Exchange
END
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