Ocado Group PLC Director/PDMR Shareholding (6533U)
July 13 2018 - 10:48AM
UK Regulatory
TIDMOCDO
RNS Number : 6533U
Ocado Group PLC
13 July 2018
DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC
13 July 2018
Ocado Group plc
Director/PDMR Notification
Ocado Group plc (the "Company") announces that it has received
notification that Linic Ltd, a connected person to Tim Steiner,
Ocado's Chief Executive Officer, has sold shares in the Company as
set out below.
Details of the person discharging managerial responsibilities/person
1 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 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 Sale of 5,000,000 shares by Linic Ltd,
a company wholly owned by Arthur Seligman
as trustee of the Steiner 2008 Millennium
Trust (of which Tim Steiner is one of a
number of discretionary beneficiaries).
------------------------------- ---------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ----------------------------- --------------------------
GBP10.46 5,000,000
----------------------------- --------------------------
d) Aggregated information Price Aggregated volume Aggregate total
* Aggregated volume
* Price
------------------------------- -------------- --------------------- ------------------
GBP10.46 5,000,000 GBP52,300,000.00
-------------- ---------------------------------------------------------- ------------------
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:
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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London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
DSHUOSVRWBABAAR
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