Source - RNS
RNS Number : 4129L
Ocado Group PLC
30 September 2016
 

TOTAL VOTING RIGHTS

OCADO GROUP PLC

30 September 2016

 

Ocado Group plc

Voting rights and capital

 

In accordance with the FCA's Disclosure Rules and Transparency Rules, Ocado Group plc ("Ocado") announces that, as at 30 September 2016:

 

·      it had 629,130,796 issued ordinary shares of 2p each admitted to trading.  Each ordinary share carries the right to one vote in relation to all circumstances at general meetings of Ocado;

 

·      it does not hold any ordinary shares in treasury; and

 

·      accordingly, it had total voting rights of 629,130,796. Of these issued ordinary shares:

 

·     1,906,915 are held by Yorkshire Building Society, the trustee for the Company's employee Share Incentive Plan, who must vote, at the request of a participant, in respect of ordinary shares held by the trustee on behalf of that participant;

 

·     32,840,941 are held by Wealth Nominees Limited on behalf of Estera Trust (Jersey) Limited, the independent company which is the trustee of Ocado's employee benefit trust (the "EBT Trustee"). The EBT Trustee has waived its right to exercise its voting rights and to receive dividends in respect of 32,764,909 ordinary shares, which have vested under the joint share ownership scheme and remain in the trust, at the request of a participant. The total of 32,840,941 ordinary shares held by the EBT Trustee are treated as treasury shares in the group's consolidated balance sheet in accordance with IAS 32 ''Financial Instruments: Presentation''. As such, calculations of earnings per share for Ocado exclude the 32,840,941 ordinary shares held by the EBT Trustee.

 

The total voting rights figure 629,130,796 may be used by shareholders and others with notification obligations as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, Ocado under the FCA's Disclosure Rules and Transparency Rules.

 

In aggregate 32,840,941 ordinary shares held by Wealth Nominees Limited are treated as treasury shares in the group's consolidated balance sheet.  Excluding the 32,840,941 ordinary shares held by Wealth Nominees Limited as detailed above, Ocado has shares in issue with aggregate voting rights of 596,289,855.

 

 

Person responsible for arranging the release of this announcement:

 

Neill Abrams

Company Secretary

Ocado Group plc

Titan Court

3 Bishops Square

Hatfield Business Park

Hatfield, Hertfordshire AL10 9NE

Fax: +44 (0)1707 227 997

email: [email protected] 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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