TIDMOCDO
RNS Number : 3822U
Ocado Group PLC
28 March 2019
DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC
28 March 2019
Ocado Group plc
Director/PDMR Notification
Ocado Group plc ("the Company") announces that it received a
notification on 27 March 2019 in connection with its Directors'
participation in the Ocado Long-Term Incentive Plan ("LTIP").
Notification is given relating to LTIP awards originally granted
on 17 March 2016 and which vested on 27 March 2019 at 50% of the
original award in accordance with the rules of the LTIP and the
relevant performance criteria. Some of the shares were sold on 27
March 2019 to finance the associated tax and national insurance
liabilities. No payment by the Executive Directors was required for
the grant of the awards or issue of the shares on vesting. Details
are as set out below.
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Tim Steiner
------------------------------------- ----------------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------------
a) Position/status 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 Tim Steiner participated in the Ocado
Long-Term Incentive Plan.
An award was made to Tim Steiner on 17
March 2016. On 27 March 2019, 214,942
shares of the original award vested.
Of those shares, 101,226 were sold to
finance the associated tax and national
insurance liabilities.
------------------------------------- ----------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------------- -------------------- ------------------------------------
GBP12.87496 101,226
-------------------- ------------------------------------
d) Aggregated information Price Aggregated Aggregate total
volume
* Aggregated volume
* Price
------------------------------------- ------------------- ------------ -----------------------
GBP12.87496 101,226 GBP1,303,280.70
------------------- ------------------------------------------------------- -----------------------
e) Date of the transaction 27 March 2019
------------------------------------- ----------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------------- ----------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Tim Steiner
----------------------------------------- -------------------------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------------------------------
a) Position/status 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 Tim Steiner participated in the Ocado
Long-Term Incentive Plan.
An award was made to Tim Steiner on 17
March 2016. On 27 March 2019, 214,942
shares of the original award vested.
Of those shares, 113,716 were transferred
into Tim Steiner's name.
----------------------------------------- -------------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
----------------------------------------- --------------------- --------------------------------------------
GBP0.00 113,716
--------------------- --------------------------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
----------------------------------------- -------------------- ------------------- ------------------------
GBP0.00 113,716 GBP0.00
-------------------- ------------------------------------------------------------------ ------------------------
e) Date of the transaction 27 March 2019
----------------------------------------- -------------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
----------------------------------------- -------------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 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 participated in the
Ocado Long-Term Incentive Plan.
An award was made to Duncan Tatton-Brown
on 17 March 2016. On 27 March 2019, 99,655
shares of the original award vested.
Of those shares, 46,932 were sold to
finance the associated tax and national
insurance liabilities.
-------------------------------------- --------------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------- ----------------------- -------------------------------------------
GBP12.87496 46,932
----------------------- -------------------------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
-------------------------------------- ---------------------- ------------------- -----------------------
GBP12.87496 46,932 GBP604,247.62
---------------------- --------------------------------------------------------------- -----------------------
e) Date of the transaction 27 March 2019
-------------------------------------- --------------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------------------- --------------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 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 participated in the
Ocado Long-Term Incentive Plan.
An award was made to Duncan Tatton-Brown
on 17 March 2016. On 27 March 2019, 99,655
shares of the original award vested.
Of those shares, 52,723 were transferred
into Duncan Tatton-Brown's name.
---------------------------------------- --------------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------------------------------- ---------------------- --------------------------------------------
GBP0.00 52,723
---------------------- --------------------------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
---------------------------------------- --------------------- ------------------- ------------------------
GBP0.00 52,723 GBP0.00
--------------------- ----------------------------------------------------------------- ------------------------
e) Date of the transaction 27 March 2019
---------------------------------------- --------------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---------------------------------------- --------------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Mark Richardson
-------------------------------------- --------------------------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------
a) Position/status Chief Operations 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 participated in the Ocado
Long-Term Incentive Plan.
An award was made to Mark Richardson
on 17 March 2016. On 27 March 2019, 99,655
shares of the original award vested.
Of those shares, 46,932 were sold to
finance the associated tax and national
insurance liabilities.
-------------------------------------- --------------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------- ----------------------- -------------------------------------------
GBP12.87496 46,932
----------------------- -------------------------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
-------------------------------------- ---------------------- ------------------- -----------------------
GBP12.87496 46,932 GBP604,247.62
---------------------- --------------------------------------------------------------- -----------------------
e) Date of the transaction 27 March 2019
-------------------------------------- --------------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------------------- --------------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Mark Richardson
---------------------------------------- --------------------------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------------------------------
a) Position/status Chief Operations 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 participated in the Ocado
Long-Term Incentive Plan.
An award was made to Mark Richardson
on 17 March 2016. On 27 March 2019, 99,655
shares of the original award vested.
Of those shares, 52,723 were transferred
into Mark Richardson's name.
---------------------------------------- --------------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------------------------------- ---------------------- --------------------------------------------
GBP0.00 52,723
---------------------- --------------------------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
---------------------------------------- --------------------- ------------------- ------------------------
GBP0.00 52,723 GBP0.00
--------------------- ----------------------------------------------------------------- ------------------------
e) Date of the transaction 27 March 2019
---------------------------------------- --------------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---------------------------------------- --------------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Neill Abrams
-------------------------------------- --------------------------------------------------------------------
2 Reason for the notification
------------------------------------------------------------------------------------------------------------
a) Position/status Group General Counsel and Company Secretary
-------------------------------------- --------------------------------------------------------------------
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 Neill Abrams participated in the Ocado
Long-Term Incentive Plan.
An award was made to Neill Abrams on
17 March 2016. On 27 March 2019, 66,827
shares of the original award vested.
Of those shares, 31,472 were sold to
finance the associated tax and national
insurance liabilities.
-------------------------------------- --------------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
-------------------------------------- ----------------------- -------------------------------------------
GBP12.87496 31,472
----------------------- -------------------------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
-------------------------------------- ---------------------- ------------------- -----------------------
GBP12.87496 31,472 GBP405,200.74
---------------------- --------------------------------------------------------------- -----------------------
e) Date of the transaction 27 March 2019
-------------------------------------- --------------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
-------------------------------------- --------------------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Neill Abrams
---------------------------------------- --------------------------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------------------------------
a) Position/status Group General Counsel and Company Secretary
---------------------------------------- --------------------------------------------------------------------
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 Neill Abrams participated in the Ocado
Long-Term Incentive Plan.
An award was made to Neill Abrams on
17 March 2016. On 27 March 2019, 66,827
shares of the original award vested.
Of those shares, 35,355 were transferred
into Neill Abrams' name.
---------------------------------------- --------------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
---------------------------------------- ---------------------- --------------------------------------------
GBP0.00 35,355
---------------------- --------------------------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
---------------------------------------- --------------------- ------------------- ------------------------
GBP0.00 35,355 GBP0.00
--------------------- ----------------------------------------------------------------- ------------------------
e) Date of the transaction 27 March 2019
---------------------------------------- --------------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
---------------------------------------- --------------------------------------------------------------------
The LTIP was approved by shareholders at the Company's Annual
General Meeting on 10 May 2013.
Further information concerning each Director's other interests
in shares and share schemes are set out in the Company's annual
report and accounts for the 52 weeks ended 2 December 2018, except
as otherwise amended by a subsequent announcement.
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
This information is provided by RNS, the news service of the
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
DSHUWANRKKAOUAR
(END) Dow Jones Newswires
March 28, 2019 12:21 ET (16:21 GMT)
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