Ocado Group PLC Director/PDMR Shareholding (0260T)
March 22 2021 - 6:06AM
UK Regulatory
TIDMOCDO
RNS Number : 0260T
Ocado Group PLC
22 March 2021
DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC
22 March 2021
Ocado Group plc
Director/PDMR Notification
Ocado Group plc ("the Company") announces that it received a
notification on 18 March 2021 in connection with its Directors'
participation in the Ocado Long-Term Incentive Plan ("LTIP").
Notification is given relating to LTIP awards originally granted
on 1 March 2018 and which vested on 18 March 2021 at 79.9% of the
original award in accordance with the rules of the LTIP and the
relevant performance criteria. 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 1
March 2018. On 18 March 2021, 175,477
shares of the original award vested.
Of those shares, 82,764 were sold on
18 March 2021 to settle the associated
tax and national insurance liabilities.
The remaining balance of 92,713 shares
were transferred to a restricted account
in Tim Steiner's name, where they are
subject to a 2-year lockup.
------------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------- -----------------------
GBP20.17349 82,764
------------------------- -----------------------
d) Aggregated information Price Aggregated Aggregate total
volume
* Aggregated volume
* Price
------------------------------- -------------- ---------------- ----------------
GBP20.17349 82,764 GBP1,669,638.73
-------------- ----------------------------------------------------- ----------------
e) Date of the transaction 18 March 2021
------------------------------- --------------------------------------------------
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 1 March 2018. On 18 March 2021, 81,313
shares of the original award vested.
Of those shares, 38,352 were sold on
18 March 2021 to settle the associated
tax and national insurance liabilities.
The remaining balance of 42,961 shares
were transferred to a restricted account
in Mark Richardson's name, where they
are subject to a 2-year lockup.
------------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------------ ------------------------
GBP20.17349 38,352
------------------------------ ------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
------------------------------- --------------- --------------------- ----------------
GBP20.17349 38,352 GBP773,693.69
--------------- ---------------------------------------------------------- ----------------
e) Date of the transaction 18 March 2021
------------------------------- --------------------------------------------------------
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
1 March 2018. On 18 March 2021, 54,592
shares of the original award vested.
Of those shares, 25,749 were sold on
18 March 2021 to finance the associated
tax and national insurance liabilities.
The remaining balance of 28,843 shares
were transferred to a restricted account
in Neill Abrams' name, where they are
subject to a 2-year lockup.
------------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ----------------------------- -------------------------
GBP20.17349 25,749
----------------------------- -------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
------------------------------- --------------- --------------------- ----------------
GBP20.17349 25,749 GBP519,447.19
--------------- ---------------------------------------------------------- ----------------
e) Date of the transaction 18 March 2021
------------------------------- --------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- --------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 closely associated
a) Name Luke Jensen
------------------------------- --------------------------------------------------------
2 Reason for the notification
-----------------------------------------------------------------------------------------
a) Position/status CEO, Ocado Solutions
------------------------------- --------------------------------------------------------
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 Luke Jensen participated in the Ocado
Long-Term Incentive Plan.
An award was made to Luke Jensen on 1
March 2018. On 18 March 2021, 77,989
shares of the original award vested.
In accordance with the rules of the LTIP,
Luke Jensen elected to exercise the award
in full and received a cash payment after
the associated tax and national insurance
liabilities were deducted. .
------------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ----------------------------- -------------------------
GBP20.17349 77,989
----------------------------- -------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
------------------------------- -------------- --------------------- -----------------
GBP20.17349 77,989 GBP1,573,310.31
-------------- ---------------------------------------------------------- -----------------
e) Date of the transaction 18 March 2021
------------------------------- --------------------------------------------------------
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 29 November 2020, 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
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END
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