Ocado Group PLC Director/PDMR Shareholding (2597Q)
05 June 2018 - 2:57AM
UK Regulatory
TIDMOCDO
RNS Number : 2597Q
Ocado Group PLC
04 June 2018
DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC
4 June 2018
Ocado Group plc
Director/PDMR Notification
Ocado Group plc (the "Company") makes the following announcement
regarding the transactions in Ocado ordinary shares of 2 pence each
("Shares") carried out by one of its Directors.
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Mark Richardson
------------------------------- ------------------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------
a) Position/status Chief Operating 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 the Ordinary shares of 2 pence each in Ocado
financial instrument, Group plc
type of instrument
Identification code ISIN GB00B3MBS747
------------------------------- ------------------------------------------------------------
b) Nature of the transaction Mark Richardson, an Executive Director
of Ocado, sold 223,300 shares awarded to
him under tranche 1 of the Ocado Joint
Share Ownership Scheme on 3 February 2010.
The JSOS scheme, which was put in place
prior to the Company's Admission in 2010,
involves the Executive Directors investing
their own funds to purchase a shared interest
in the Company's shares at the market value
at that time. The Executive Directors invested
from their own resources. The Ocado Employee
Benefit Trust Trustee's interest in each
Ordinary Share held under the JSOS is the
value up to a specified price for the tranche
of which that share forms part (the "Hurdle").
The participant's interest in each Share
was GBP7.23898, which is the excess in
value over the Hurdle price of GBP1.725.
For a detailed description of the JSOS
scheme refer to pages 249 to 252 of the
Company's Prospectus.
------------------------------- ------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------------- ---------------------------
GBP8.963981 223,300
------------------------------- ---------------------------
d) Aggregated information Price Aggregated volume Aggregate total
* Aggregated volume
* Price
------------------------------- ---------------- --------------------- -------------------
GBP8.963981 223,300 GBP2,001,656.96
---------------- ---------------------------------------------------------- -------------------
e) Date of the transaction 31 May 2018
------------------------------- ------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- ------------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Mark Richardson
------------------------------- ------------------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------
a) Position/status Chief Operating 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 the Ordinary shares of 2 pence each in Ocado
financial instrument, Group plc
type of instrument
Identification code ISIN GB00B3MBS747
------------------------------- ------------------------------------------------------------
b) Nature of the transaction Mark Richardson, an Executive Director
of Ocado, sold 223,300 shares awarded to
him under tranche 2 of the Ocado Joint
Share Ownership Scheme on 3 February 2010.
The JSOS scheme, which was put in place
prior to the Company's Admission in 2010,
involves the Executive Directors investing
their own funds to purchase a shared interest
in the Company's shares at the market value
at that time. The Executive Directors invested
from their own resources. The Ocado Employee
Benefit Trust Trustee's interest in each
Ordinary Share held under the JSOS is the
value up to a specified price for the tranche
of which that share forms part (the "Hurdle").
The participant's interest in each Share
was GBP7.05648, which is the excess in
value over the Hurdle price of GBP1.9075.
For a detailed description of the JSOS
scheme refer to pages 249 to 252 of the
Company's Prospectus.
------------------------------- ------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------------- ---------------------------
GBP8.963981 223,300
------------------------------- ---------------------------
d) Aggregated information Price Aggregated volume Aggregate total
* Aggregated volume
* Price
------------------------------- ---------------- --------------------- -------------------
GBP8.963981 223,300 GBP2,001,656.96
---------------- ---------------------------------------------------------- -------------------
e) Date of the transaction 31 May 2018
------------------------------- ------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- ------------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Mark Richardson
------------------------------- ------------------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------
a) Position/status Chief Operating 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 the Ordinary shares of 2 pence each in Ocado
financial instrument, Group plc
type of instrument
Identification code ISIN GB00B3MBS747
------------------------------- ------------------------------------------------------------
b) Nature of the transaction Mark Richardson, an Executive Director
of Ocado, sold 223,300 shares awarded to
him under tranche 3 of the Ocado Joint
Share Ownership Scheme on 3 February 2010.
The JSOS scheme, which was put in place
prior to the Company's Admission in 2010,
involves the Executive Directors investing
their own funds to purchase a shared interest
in the Company's shares at the market value
at that time. The Executive Directors invested
from their own resources. The Ocado Employee
Benefit Trust Trustee's interest in each
Ordinary Share held under the JSOS is the
value up to a specified price for the tranche
of which that share forms part (the "Hurdle").
The participant's interest in each Share
was GBP6.88108, which is the excess in
value over the Hurdle price of GBP2.0829.
For a detailed description of the JSOS
scheme refer to pages 249 to 252 of the
Company's Prospectus.
------------------------------- ------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------------- ---------------------------
GBP8.963981 223,300
------------------------------- ---------------------------
d) Aggregated information Price Aggregated volume Aggregate total
* Aggregated volume
* Price
------------------------------- ---------------- --------------------- -------------------
GBP8.963981 223,300 GBP2,001,656.96
---------------- ---------------------------------------------------------- -------------------
e) Date of the transaction 31 May 2018
------------------------------- ------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- ------------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Mark Richardson
------------------------------- ------------------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------
a) Position/status Chief Operating 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 the Ordinary shares of 2 pence each in Ocado
financial instrument, Group plc
type of instrument
Identification code ISIN GB00B3MBS747
------------------------------- ------------------------------------------------------------
b) Nature of the transaction Mark Richardson, an Executive Director
of Ocado, sold 223,200 shares awarded to
him under tranche 4 of the Ocado Joint
Share Ownership Scheme on 3 February 2010.
The JSOS scheme, which was put in place
prior to the Company's Admission in 2010,
involves the Executive Directors investing
their own funds to purchase a shared interest
in the Company's shares at the market value
at that time. The Executive Directors invested
from their own resources. The Ocado Employee
Benefit Trust Trustee's interest in each
Ordinary Share held under the JSOS is the
value up to a specified price for the tranche
of which that share forms part (the "Hurdle").
The participant's interest in each Share
was GBP6.68268, which is the excess in
value over the Hurdle price of GBP2.2813.
For a detailed description of the JSOS
scheme refer to pages 249 to 252 of the
Company's Prospectus.
------------------------------- ------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------------- ---------------------------
GBP8.963981 223,200
------------------------------- ---------------------------
d) Aggregated information Price Aggregated volume Aggregate total
* Aggregated volume
* Price
------------------------------- ---------------- --------------------- -------------------
GBP8.963981 223,200 GBP2,000,760.56
---------------- ---------------------------------------------------------- -------------------
e) Date of the transaction 31 May 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 227997
email: company.secretary@ocado.com
Ocado Group plc LEI: 213800LO8F61YB8MBC74
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END
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