DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC
22 March 2021
Ocado Group plc
Director/PDMR Notification
Ocado Group plc ("the Company") makes the following announcement regarding two of its Directors' participation in The Ocado Save As You Earn Scheme ("Sharesave").
The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company on the same terms. It offers the opportunity for employees to buy ordinary shares (Shares") in the Company using savings accumulated over a three year period. The maximum amount permitted by HMRC to be invested in all Sharesave schemes is £6,000 per annum.
Tim Steiner and Luke Jensen, Executive Directors, have elected to participate in the 2021 offer of Sharesave as detailed below. They have each been granted 767 options over Shares. The options were granted at a price of 2,346 pence per Share on 19 March 2021. The options become exercisable after three years on 1 May 2024. The notification of dealing form can be found below.
|
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
| a) | Name
| Tim Steiner | |||
| 2 | Reason for the notification
| ||||
| a) | Position/status
| 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 in Ocado Group plc
ISIN GB00B3MBS747 | |||
| b) | Nature of the transaction
| Tim Steiner joined the Ocado Group plc Sharesave 2021 scheme and will make monthly contributions of £500. The Sharesave scheme is an HMRC approved, all employee savings-related share option plan. | |||
| c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
| 2,346 pence per Share
| 767 | ||||
| d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
| 2,346 pence per share | 767 | 767 | |||
| e) | Date of the transaction
| 19 March 2021
| |||
| f) | Place of the transaction
| London Stock Exchange (XLON) | |||
|
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
| a) | Name
| Luke Jensen | |||
| 2 | Reason for the notification
| ||||
| a) | Position/status
| CEO, Ocado Solutions | |||
| 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 in Ocado Group plc
ISIN GB00B3MBS747 | |||
| b) | Nature of the transaction
| Luke Jensen joined the Ocado Group plc Sharesave 2021 scheme and will make monthly contributions of £500. The Sharesave scheme is an HMRC approved, all employee savings-related share option plan. | |||
| c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
| 2,346 pence per Share
| 767 | ||||
| d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
| 2,346 pence per Share | 767 | 767 | |||
| e) | Date of the transaction
| 19 March 2021
| |||
| 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
Group General Counsel and 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
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
