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Ocado Group PLC - Director/PDMR Shareholding

RNS Number : 2614H
Ocado Group PLC
23 March 2020
 

DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC

23 March 2020

 

Ocado Group plc
Director/PDMR Notification

 

Ocado Group plc ("the Company") announces that it received a notification on 20 March 2020 in connection with its Directors' participation in the Ocado Long-Term Incentive Plan ("LTIP").

 

Notification is given relating to LTIP awards originally granted on 20 February 2017 and which vested on 19 March 2020 at 46.1% of the original award in accordance with the rules of the LTIP and the relevant performance criteria. Some of the shares were sold on 20 March 2020 to finance the associated tax and national insurance liabilities. 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.

 


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/ Amendment

 

Initial notification

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 financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 2 pence each in Ocado Group plc

 

 

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 20 February 2017. On 19 March 2020, 208,778 shares of the original award vested. Of those shares, 98,323 were sold on 20 March 2020 to finance the associated tax and national insurance liabilities.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£14.3289

 

98,323

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

£14.3289

98,323

£1,408,860.43

e)

Date of the transaction

 

20 March 2020

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/ Amendment

 

Initial notification

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 financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 2 pence each in Ocado Group plc

 

 

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 20 February 2017. On 19 March 2020, 208,778 shares of the original award vested. Of those shares, 110,455 were transferred into Tim Steiner's name.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£0.00

 

110,455

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

£0.00

110,455

£0.00

e)

Date of the transaction

 

20 March 2020

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

 

 


1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Duncan Tatton-Brown

2

Reason for the notification

 

a)

Position/status

 

Chief Financial Officer

b)

Initial notification/ Amendment

 

Initial notification

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 financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 2 pence each in Ocado Group plc

 

 

ISIN GB00B3MBS747

b)

Nature of the transaction

 

Duncan Tatton-Brown participated in the Ocado Long-Term Incentive Plan.

An award was made to Duncan Tatton-Brown on 20 February 2017. On 19 March 2020, 96,797 shares of the original award vested. Of those shares, 45,586 were sold on 20 March 2020 to finance the associated tax and national insurance liabilities.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£14.3289

 

45,586

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

£14.3289

45,586

£653,197.24

e)

Date of the transaction

 

20 March 2020

f)

Place of the transaction

 

London Stock Exchange (XLON)

 


1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Duncan Tatton-Brown

2

Reason for the notification

 

a)

Position/status

 

Chief Financial Officer

b)

Initial notification/ Amendment

 

Initial notification

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 financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 2 pence each in Ocado Group plc

 

 

ISIN GB00B3MBS747

b)

Nature of the transaction

 

Duncan Tatton-Brown participated in the Ocado Long-Term Incentive Plan.

An award was made to Duncan Tatton-Brown on 20 February 2017. On 19 March 2020, 96,797 shares of the original award vested. Of those shares, 51,211 were transferred into Duncan Tatton-Brown's name.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£0.00

 

51,211

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

£0.00

51,211

£0.00

e)

Date of the transaction

 

20 March 2020

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/ Amendment

 

Initial notification

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 financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 2 pence each in Ocado Group plc

 

 

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 20 February 2017. On 19 March 2020, 96,797 shares of the original award vested. Of those shares, 45,586 were sold on 20 March 2020 to finance the associated tax and national insurance liabilities.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£14.3289

 

45,586

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

£14.3289

45,586

£653,197.24

e)

Date of the transaction

 

20 March 2020

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/ Amendment

 

Initial notification

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 financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 2 pence each in Ocado Group plc

 

 

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 20 February 2017. On 19 March 2020, 96,797 shares of the original award vested. Of those shares, 51,211 were transferred into Mark Richardson's name.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£0.00

 

51,211

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

£0.00

51,211

£0.00

e)

Date of the transaction

 

20 March 2020

f)

Place of the transaction

 

London Stock Exchange (XLON)

 


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/ Amendment

 

Initial notification

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 financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 2 pence each in Ocado Group plc

 

 

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 20 February 2017. On 19 March 2020, 65,036 shares of the original award vested. Of those shares, 30,629 were sold on 20 March 2020 to finance the associated tax and national insurance liabilities.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£14.3289

 

30,629

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

£14.3289

30,629

£438,879.88

e)

Date of the transaction

 

20 March 2020

f)

Place of the transaction

 

London Stock Exchange (XLON)

 


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/ Amendment

 

Initial notification

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 financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 2 pence each in Ocado Group plc

 

 

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 20 February 2017. On 19 March 2020, 65,036 shares of the original award vested. Of those shares, 34,407 were transferred into Neill Abrams' name.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£0.00

 

34,407

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

£0.00

34,407

£0.00

e)

Date of the transaction

 

20 March 2020

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/ Amendment

 

Initial notification

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 financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 2 pence each in Ocado Group plc

 

 

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 20 February 2017. On 19 March 2020, 95,386 shares of the original award vested. Of those shares, 44,922 were sold on 20 March 2020 to finance the associated tax and national insurance liabilities.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£14.3289

 

44,922

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

£14.3289

44,922

£643,682.85

e)

Date of the transaction

 

20 March 2020

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/ Amendment

 

Initial notification

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 financial instrument, type of instrument

 

Identification code

 

Ordinary shares of 2 pence each in Ocado Group plc

 

 

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 20 February 2017. On 19 March 2020, 95,386 shares of the original award vested. Of those shares, 50,464 were transferred into Luke Jensen's name.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£0.00

 

50,464

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

£0.00

50,464

£0.00

e)

Date of the transaction

 

20 March 2020

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 1 December 2019, 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:
[email protected] 

 

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 [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Ocado Group PLC

Price: 2191

Market: LSE
Market Cap: £15.64 billion
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