Ocado Group PLC Director/PDMR Shareholding (1944V)

TIDMOCDO

RNS Number : 1944V

Ocado Group PLC

03 April 2023

DIRECTOR/PDMR SHAREHOLDING

OCADO GROUP PLC

3 April 2023

Ocado Group plc

Director/PDMR Notification

Ocado Group plc ("the Company") announces that on 29 March 2023 an award ("the Award") was granted to James Matthews, CEO, Ocado Technology, and a PDMR of the Company under the terms of the Ocado Restricted Share Plan ("the RSP").

The Award was granted in the form of an option with a nil exercise price over an aggregrate of 102,996 ordinary shares in the Company (the "Shares"). The option is split into two tranches: one of 101,400 Shares and the other of the remaining 1,596 Shares.

Subject to the rules of the RSP, the option will vest in accordance with the timetable for Vesting of "banked" awards under the Company's Value Creation Plan ("VCP"), approved by the Company's shareholders in 2019 and 2022.

Details of the Award are as set out below.

 
       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 nil cost option over an aggregrate 
                                         of 102,996 Shares, subject to the rules 
                                         of the RSP . The option is split into 
                                         two tranches: one of 101,400 Shares and 
                                         the other of the remaining 1,596 Shares. 
      -------------------------------  -------------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                       Volume(s) 
      -------------------------------  -----------------------------  ------------------------- 
   GBP0.00                                                             102,996 
  -----------------------------                                       ------------------------- 
 d)         Aggregated information      Price            Aggregated volume      Aggregate 
                                                                                 total 
              *    Aggregated volume 
 
 
 
              *    Price 
      -------------------------------  ---------------  ---------------------  ---------------- 
   GBP0.00          102,996                                                     GBP0.00 
  ---------------  ----------------------------------------------------------  ---------------- 
 e)    Date of the transaction          29 March 2023 
      -------------------------------  -------------------------------------------------------- 
 f)    Place of the transaction         Outside a regulated market 
      -------------------------------  --------------------------------------------------------

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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April 03, 2023 09:20 ET (13:20 GMT)

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