Ocado Group PLC Director/PDMR Shareholding (4720B)
September 20 2018 - 12:29PM
UK Regulatory
TIDMOCDO
RNS Number : 4720B
Ocado Group PLC
20 September 2018
DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC
20 September 2018
Ocado Group plc
Director/PDMR Notification
Ocado Group plc (the "Company") makes the following announcement
regarding the transactions in Ocado ordinary Shares of 2 pence each
("Shares") carried out by one of its Directors.
1 Details of the person discharging managerial responsibilities/person
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 Transfer into sole name of the pro rata
amount of jointly owned Shares owned under
the Ocado Joint Share Ownership Scheme
("JSOS").
The JSOS scheme, which was put in place
prior to the Company's Admission in 2010,
involves the Executive Directors investing
their own funds to purchase a shared interest
in the Company's Shares at the market value
at that time.
Jointly with the Trustee of the Ocado Employee
Benefit Trust ("EBT"), Mark Richardson
has owned 1,488,675 Shares awarded to him
under tranches 1 and 2 of the JSOS since
1 November 2012. The Rules provide that
the jointly-owned Shares can either be
sold and the proceeds apportioned, or the
pro rata interests in the jointly-owned
Shares can be registered in the individual
names of the Participant and the Trustee.
Mark Richardson has elected the latter.
As a result, under tranche one, 577,401
Shares are being re-registered in Mark
Richardson's sole name and the balance
of 134,574 Shares will remain in the EBT
owned solely by the Trustee.
No new shares have been created as a result
of this transaction and the total beneficial
interest in Ocado Group plc owned by Mark
Richardson has not changed.
For a detailed description of the JSOS
scheme refer to pages 249 to 252 of the
Company's Prospectus.
------------------------------- ------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------------- ---------------------------
GBP0.00 577,401
------------------------------- ---------------------------
d) Aggregated information Price Aggregated volume Aggregate total
* Aggregated volume
* Price
------------------------------- ---------------- --------------------- -------------------
GBP0.00 577,401 GBP0.00
---------------- ---------------------------------------------------------- -------------------
e) Date of the transaction 20 September 2018
------------------------------- ------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- ------------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
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 Transfer into sole name of the pro rata
amount of jointly owned Shares owned under
the Ocado Joint Share Ownership Scheme
("JSOS").
The JSOS scheme, which was put in place
prior to the Company's Admission in 2010,
involves the Executive Directors investing
their own funds to purchase a shared interest
in the Company's Shares at the market value
at that time.
Jointly with the Trustee of the Ocado Employee
Benefit Trust ("EBT"), Mark Richardson
has owned 1,488,675 Shares awarded to him
under tranches 1 and 2 of the JSOS since
1 November 2012. The Rules provide that
the jointly-owned Shares can either be
sold and the proceeds apportioned, or the
pro rata interests in the jointly-owned
Shares can be registered in the individual
names of the Participant and the Trustee.
Mark Richardson has elected the latter.
As a result, under tranche two, 621,256
Shares are being re-registered in Mark
Richardson's sole name and the balance
of 155,444 Shares will remain in the EBT
owned solely by the Trustee.
No new shares have been created as a result
of this transaction and the total beneficial
interest in Ocado Group plc owned by Mark
Richardson has not changed.
For a detailed description of the JSOS
scheme refer to pages 249 to 252 of the
Company's Prospectus.
------------------------------- ------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------------- ---------------------------
GBP0.00 621,256
------------------------------- ---------------------------
d) Aggregated information Price Aggregated volume Aggregate total
* Aggregated volume
* Price
------------------------------- ---------------- --------------------- -------------------
GBP0.00 621,256 GBP0.00
---------------- ---------------------------------------------------------- -------------------
e) Date of the transaction 20 September 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
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
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