TIDMOCDO
RNS Number : 0060V
Ocado Group PLC
31 March 2023
DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC
31 March 2023
Ocado Group plc
Director/PDMR Notification
Further to the announcement on 25 November 2022, in relation to
the execution of irrevocable instructions by five of its PDMRs,
Ocado Group plc (the "Company") makes the following announcement
regarding their participation in The Ocado Sharesave 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 of 2 pence each
("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 GBP6,000 per annum.
Per the irrevocable instructions, and the satisfaction of
certain conditions where applicable, the PDMRs have each elected to
participate in the 2023 offer of Sharesave. Each has been granted
4,043 options over Shares. The options were granted at a price of
445.13 pence per share. The notification form for each PDMR can be
found below.
In addition, four PDMRs elected to cancel their participation in
the 2022 offer of Sharesave, resulting in the lapse of options
originally granted to them on 17 March 2022 with an exercise price
of 1,199.97 pence per share. The options would have become
exercisable on 1 May 2025. Each had 1,500 options lapse. The
notification form for each PDMR can be found below.
1 Details of the person discharging managerial responsibilities/person
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, an Executive Director of
Ocado Group plc, participated in the 2023
Sharesave.
Neill Abrams was granted options under
The Ocado Sharesave Scheme and will make
monthly savings contributions of GBP500.
The Sharesave is a tax advantaged share
scheme offered to all eligible employees
of the Company.
------------------------------- ----------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------------- -------------------------
445.13 pence per share 4,043
------------------------------- -------------------------
d) Aggregated information Price Aggregated volume Aggregate total
* Aggregated volume
* Price
------------------------------- ---------------- --------------------- -----------------
445.13 pence 4,043 GBP17,996.61
per share
---------------- ---------------------------------------------------------- -----------------
e) Date of the transaction 29 March 2023
------------------------------- ----------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- ----------------------------------------------------------
1 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/ 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, an Executive Director of Ocado
Group plc, participated in the 2023 Sharesave.
Tim Steiner was granted options under The
Ocado Sharesave Scheme and will make monthly
savings contributions of GBP500. The Sharesave
is a tax advantaged share scheme offered
to all eligible employees of the Company.
------------------------------- -------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- --------------------------------- --------------------------
445.13 pence per share 4,043
--------------------------------- --------------------------
d) Aggregated information Price Aggregated volume Aggregate total
* Aggregated volume
* Price
------------------------------- ------------------ --------------------- ------------------
445.13 pence 4,043 GBP17,996.61
per share
------------------ ---------------------------------------------------------- ------------------
e) Date of the transaction 29 March 2023
------------------------------- -------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- -------------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Stephen Daintith
------------------------------- ----------------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------
a) Position/status Chief Financial 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 Stephen Daintith, an Executive Director
of Ocado Group plc, participated in the
2023 Sharesave.
Stephen Daintith was granted options under
The Ocado Sharesave Scheme and will make
monthly savings contributions of GBP500.
The Sharesave is a tax advantaged share
scheme offered to all eligible employees
of the Company.
------------------------------- ----------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------------- -------------------------
445.13 pence per share 4,043
------------------------------- -------------------------
d) Aggregated information Price Aggregated volume Aggregate total
* Aggregated volume
* Price
------------------------------- ---------------- --------------------- -----------------
445.13 pence 4,043 GBP17,996.61
per share
---------------- ---------------------------------------------------------- -----------------
e) Date of the transaction 29 March 2023
------------------------------- ----------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- ----------------------------------------------------------
1 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/ 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, an Executive Director of Ocado
Group plc, participated in the 2023 Sharesave.
Luke Jensen was granted options under The
Ocado Sharesave Scheme and will make monthly
savings contributions of GBP500. The Sharesave
is a tax advantaged share scheme offered
to all eligible employees of the Company.
------------------------------- -------------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- --------------------------------- --------------------------
445.13 pence per share 4,043
--------------------------------- --------------------------
d) Aggregated information Price Aggregated volume Aggregate total
* Aggregated volume
* Price
------------------------------- ------------------ --------------------- ------------------
445.13 pence 4,043 GBP17,996.61
per share
------------------ ---------------------------------------------------------- ------------------
e) Date of the transaction 29 March 2023
------------------------------- -------------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- -------------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name James Matthews
------------------------------- ----------------------------------------------------------
2 Reason for the notification
-------------------------------------------------------------------------------------------
a) Position/status CEO, Ocado Technology
------------------------------- ----------------------------------------------------------
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 James Matthews, a PDMR of Ocado Group plc,
participated in the 2023 Sharesave.
James Matthews was granted options under
The Ocado Sharesave Scheme and will make
monthly savings contributions of GBP500.
The Sharesave is a tax advantaged share
scheme offered to all eligible employees
of the Company.
------------------------------- ----------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------------- -------------------------
445.13 pence per share 4,043
------------------------------- -------------------------
d) Aggregated information Price Aggregated volume Aggregate total
* Aggregated volume
* Price
------------------------------- ---------------- --------------------- -----------------
445.13 pence 4,043 GBP17,996.61
per share
---------------- ---------------------------------------------------------- -----------------
e) Date of the transaction 29 March 2023
------------------------------- ----------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- ----------------------------------------------------------
1 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/ 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 cancelled his participation
in the 2022 offer under The Ocado Sharesave
Scheme and discontinued his related monthly
contributions, resulting in the lapsing
of the Options originally granted to him
on 17 March 2022 with an exercise price
of 1,199.97 pence per Share. The Sharesave
is a tax advantaged share scheme offered
to all eligible employees of the Company.
------------------------------- -----------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------------- --------------------------
1,199.97 pence per
share 1,500
------------------------------- --------------------------
d) Aggregated information Price Aggregated volume Aggregate total
* Aggregated volume
* Price
------------------------------- ----------------- --------------------- -----------------
1,199.97 pence 1,500 GBP17,999.55
per share
----------------- ---------------------------------------------------------- -----------------
e) Date of the transaction 29 March 2023
------------------------------- -----------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- -----------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name Stephen Daintith
------------------------------- -----------------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------------
a) Position/status Chief Financial 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 Stephen Daintith cancelled his participation
in the 2022 offer under The Ocado Sharesave
Scheme and discontinued his related monthly
contributions, resulting in the lapsing
of the Options originally granted to him
on 17 March 2022 with an exercise price
of 1,199.97 pence per Share. The Sharesave
is a tax advantaged share scheme offered
to all eligible employees of the Company.
------------------------------- -----------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------------- --------------------------
1,199.97 pence per
share 1,500
------------------------------- --------------------------
d) Aggregated information Price Aggregated volume Aggregate total
* Aggregated volume
* Price
------------------------------- ----------------- --------------------- -----------------
1,199.97 pence 1,500 GBP17,999.55
per share
----------------- ---------------------------------------------------------- -----------------
e) Date of the transaction 29 March 2023
------------------------------- -----------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- -----------------------------------------------------------
1 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/ 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 cancelled his participation
in the 2022 offer under The Ocado Sharesave
Scheme and discontinued his related monthly
contributions, resulting in the lapsing
of the Options originally granted to him
on 17 March 2022 with an exercise price
of 1,199.97 pence per Share. The Sharesave
is a tax advantaged share scheme offered
to all eligible employees of the Company.
------------------------------- -----------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------------- --------------------------
1,199.97 pence per
share 1,500
------------------------------- --------------------------
d) Aggregated information Price Aggregated volume Aggregate total
* Aggregated volume
* Price
------------------------------- ----------------- --------------------- -----------------
1,199.97 pence 1,500 GBP17,999.55
per share
----------------- ---------------------------------------------------------- -----------------
e) Date of the transaction 29 March 2023
------------------------------- -----------------------------------------------------------
f) Place of the transaction London Stock Exchange (XLON)
------------------------------- -----------------------------------------------------------
1 Details of the person discharging managerial responsibilities/person
closely associated
a) Name James Matthews
------------------------------- -----------------------------------------------------------
2 Reason for the notification
--------------------------------------------------------------------------------------------
a) Position/status CEO, Ocado Technology
------------------------------- -----------------------------------------------------------
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 James Matthews cancelled his participation
in the 2022 offer under The Ocado Sharesave
Scheme and discontinued his related monthly
contributions, resulting in the lapsing
of the Options originally granted to him
on 17 March 2022 with an exercise price
of 1,199.97 pence per Share. The Sharesave
is a tax advantaged share scheme offered
to all eligible employees of the Company.
------------------------------- -----------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------------- --------------------------
1,199.97 pence per
share 1,500
------------------------------- --------------------------
d) Aggregated information Price Aggregated volume Aggregate total
* Aggregated volume
* Price
------------------------------- ----------------- --------------------- -----------------
1,199.97 pence 1,500 GBP17,999.55
per share
----------------- ---------------------------------------------------------- -----------------
e) Date of the transaction 29 March 2023
------------------------------- -----------------------------------------------------------
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:
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
DSHUAOSROSUOOAR
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March 31, 2023 10:37 ET (14:37 GMT)
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