Ocado Group PLC Director/PDMR Shareholding (0063V)
March 31 2023 - 10:44AM
UK Regulatory
TIDMOCDO
RNS Number : 0063V
Ocado Group PLC
31 March 2023
DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC
31 March 2023
Ocado Group plc
Director/PDMR Notification
Ocado Group plc ("the Company") announces that on 29 March 2023
awards under the Ocado Annual Incentive Plan ("AIP") were granted
to the PDMRs detailed below in the form of nil-cost options (the
"Awards") over ordinary shares in the Company.
The AIP was approved by Shareholders at the Company's Annual
General Meeting on 1 May 2019.
No payment is required for the grant of the AIP Awards, or issue
of the shares on vesting. For these AIP Awards, the number of
shares was determined based on a price of 442.8834 pence per share,
being the volume weighted average price of a share for the three
business days immediately before the Award Date.
A summary of the principal terms of the AIP are set out in the
Notice of the Annual General Meeting dated 5 February 2019.
Details of the Awards 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 in Ocado Group plc
financial instrument,
type of instrument
ISIN GB00B3MBS747
Identification code
------------------------------- --------------------------------------------------
b) Nature of the transaction Grant of a nil-cost option, subject to
the rules of the AIP.
50% of the AIP achieved in the financial
year ended 27 November 2022 is deferred
into shares for three years and is also
subject to a two-year holding period
on vesting.
------------------------------- --------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ------------------------- -----------------------
GBP0.00 134,507
------------------------- -----------------------
d) Aggregated information Price Aggregated Aggregate total
volume
* Aggregated volume
* Price
------------------------------- -------------- ---------------- ----------------
GBP0.00 134,507 GBP0.00
-------------- ----------------------------------------------------- ----------------
e) Date of the transaction 29 March 2023
------------------------------- --------------------------------------------------
f) Place of the transaction Outside a regulated market
------------------------------- --------------------------------------------------
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 in Ocado Group plc
financial instrument,
type of instrument
ISIN GB00B3MBS747
Identification code
------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of a nil-cost option, subject to
the rules of the AIP.
50% of the AIP achieved in the financial
year ended 27 November 2022 is deferred
into shares for three years and is also
subject to a two-year holding period
on vesting.
------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ----------------------------- ------------------------
GBP0.00 73,646
----------------------------- ------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
------------------------------- -------------- --------------------- ----------------
GBP0.00 73,646 GBP0.00
-------------- ---------------------------------------------------------- ----------------
e) Date of the transaction 29 March 2023
------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a regulated market
------------------------------- -------------------------------------------------------
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 in Ocado Group plc
financial instrument,
type of instrument
ISIN GB00B3MBS747
Identification code
------------------------------- --------------------------------------------------------
b) Nature of the transaction Grant of a nil-cost option, subject to
the rules of the AIP.
50% of the AIP achieved in the financial
year ended 27 November 2022 is deferred
into shares for three years and is also
subject to a two-year holding period
on vesting.
------------------------------- --------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ----------------------------- -------------------------
GBP0.00 76,939
----------------------------- -------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
------------------------------- --------------- --------------------- ----------------
GBP0.00 76,939 GBP0.00
--------------- ---------------------------------------------------------- ----------------
e) Date of the transaction 29 March 2023
------------------------------- --------------------------------------------------------
f) Place of the transaction Outside a regulated market
------------------------------- --------------------------------------------------------
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 in Ocado Group plc
financial instrument,
type of instrument
ISIN GB00B3MBS747
Identification code
------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of a nil-cost option, subject to
the rules of the AIP.
50% of the AIP achieved in the financial
year ended 27 November 2022 is deferred
into shares for three years and is also
subject to a two-year holding period
on vesting.
------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ----------------------------- ------------------------
GBP0.00 73,988
----------------------------- ------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
------------------------------- -------------- --------------------- ----------------
GBP0.00 73,988 GBP0.00
-------------- ---------------------------------------------------------- ----------------
e) Date of the transaction 29 March 2023
------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a regulated market
------------------------------- -------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 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 in Ocado Group plc
financial instrument,
type of instrument
ISIN GB00B3MBS747
Identification code
------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of a nil-cost option, subject to
the rules of the AIP.
50% of the AIP achieved in the financial
year ended 27 November 2022 is deferred
into shares for three years and is also
subject to a two-year holding period
on vesting.
------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ----------------------------- ------------------------
GBP0.00 88,954
----------------------------- ------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
------------------------------- -------------- --------------------- ----------------
GBP0.00 88,954 GBP0.00
-------------- ---------------------------------------------------------- ----------------
e) Date of the transaction 29 March 2023
------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a regulated market
------------------------------- -------------------------------------------------------
Details of the person discharging managerial responsibilities/person
1 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 in Ocado Group plc
financial instrument,
type of instrument
ISIN GB00B3MBS747
Identification code
------------------------------- -------------------------------------------------------
b) Nature of the transaction Grant of a nil-cost option, subject to
the rules of the AIP.
50% of the AIP achieved in the financial
year ended 27 November 2022 is deferred
into shares for three years and is also
subject to a two-year holding period
on vesting.
------------------------------- -------------------------------------------------------
c) Price(s) and volume(s) Price(s) Volume(s)
------------------------------- ----------------------------- ------------------------
GBP0.00 74,568
----------------------------- ------------------------
d) Aggregated information Price Aggregated volume Aggregate
total
* Aggregated volume
* Price
------------------------------- -------------- --------------------- ----------------
GBP0.00 74,568 GBP0.00
-------------- ---------------------------------------------------------- ----------------
e) Date of the transaction 29 March 2023
------------------------------- -------------------------------------------------------
f) Place of the transaction Outside a regulated market
------------------------------- -------------------------------------------------------
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 27 November 2022, 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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