Ocado Group PLC Director/PDMR Shareholding (7775U)
16 July 2018 - 11:16PM
UK Regulatory
TIDMOCDO
RNS Number : 7775U
Ocado Group PLC
16 July 2018
The following amendment has been made to the Director/PDMR
Shareholding' announcement released on 13 July 2018 at 14:19 under
RNS No. 6341U:
The price at which shares was sold has been amended.
All other details remain unchanged.
The full amended text is shown below.
DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC
13 July 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 Duncan Tatton-Brown
------------------------------- ------------------------------------------------------------
2 Reason for the notification
---------------------------------------------------------------------------------------------
a) Position/status Chief Financial 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 Duncan Tatton-Brown, an Executive Director
of Ocado, sold 365,000 shares awarded to
him under tranche 1 of the Ocado Joint
Share Ownership Scheme on 1 November 2012.
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 GBP8.76, which was the excess in value
over the Hurdle price of GBP1.70.
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)
------------------------------- ------------------------------- ---------------------------
GBP10.46 365,000
------------------------------- ---------------------------
d) Aggregated information Price Aggregated volume Aggregate total
* Aggregated volume
* Price
------------------------------- ---------------- --------------------- -------------------
GBP10.46 365,000 GBP3,817,900.00
---------------- ---------------------------------------------------------- -------------------
e) Date of the transaction 12 July 2018
------------------------------- ------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- ------------------------------------------------------------
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/ 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 Duncan Tatton-Brown, an Executive Director
of Ocado, sold 100,000 shares awarded to
him under tranche 2 of the Ocado Joint
Share Ownership Scheme on 1 November 2012.
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 GBP8.66, which was the excess in value
over the Hurdle price of GBP1.80.
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)
------------------------------- ------------------------------- ---------------------------
GBP10.46 100,000
------------------------------- ---------------------------
d) Aggregated information Price Aggregated volume Aggregate total
* Aggregated volume
* Price
------------------------------- ---------------- --------------------- -------------------
GBP10.46 100,000 GBP1,046,000.00
---------------- ---------------------------------------------------------- -------------------
e) Date of the transaction 12 July 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:
Robert Cooper
Deputy 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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