Source - RNS
RNS Number : 6359K
Ocado Group PLC
11 April 2018
 

DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC

11 April 2018

 

 

Ocado Group plc 

Director/PDMR Notification

 

Ocado Group plc (the "Company") announces that it has received notification of the release of a security interest over the ordinary shares in the Company held by Linic Ltd, a company wholly owned by Arthur Seligman, as trustee of the Steiner 2008 Millennium Trust, of which Tim Steiner, Ocado's Chief Executive Officer, is one of a number of discretionary beneficiaries. As announced on 28 November 2016, the security interest was granted in connection with a loan taken out for the purposes of settling obligations under a divorce judgment that was made by an order of court. The loan has been repaid and consequently the security interest has been released. There is no change in beneficial ownership of the shares.

 

 


1

Details of the person discharging managerial responsibilities/person 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/ Amendment

 

Initial notification

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 financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 2 pence each in Ocado Group plc

 

 

ISIN GB00B3MBS747

b)

Nature of the transaction

 

Release of a security interest over 9,791,200 ordinary shares in the Company.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£0.00

 

9,791,200

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

£0.00

9,791,200

£0.00

e)

Date of the transaction

 

11 April 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 227 997

email: [email protected] 

 

Ocado Group plc LEI: 213800LO8F61YB8MBC74

 


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