Ocado Group PLC Director/PDMR Shareholding (3310Q)

TIDMOCDO

RNS Number : 3310Q

Ocado Group PLC

28 November 2016

DIRECTOR/PDMR SHAREHOLDING

OCADO GROUP PLC

28 November 2016

Ocado Group plc

Director/PDMR Notification

Ocado Group plc (the "Company") announces that it has received notification that Arthur Seligman as trustee of the Steiner 2008 Millennium Trust, of which Tim Steiner, Ocado's Chief Executive Officer, is one of a number of discretionary beneficiaries, has granted a security interest over its ordinary shares in the Company. There is no change in beneficial ownership of the shares.

 
       Details of the person discharging managerial 
  1     responsibilities/person closely associated 
----  -------------------------------------------------------------------------------------- 
 a)    Name                              Arthur Seligman as trustee of 
                                          the Steiner 2008 Millennium Trust 
----  --------------------------------  ---------------------------------------------------- 
 2     Reason for the notification 
----  -------------------------------------------------------------------------------------- 
 a)    Position/status                   Person closely associated with 
                                          Tim Steiner, 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                    Ordinary shares of 2 pence each 
        the financial                     in Ocado Group plc 
        instrument, type 
        of instrument 
                                          ISIN GB00B3MBS747 
        Identification 
        code 
----  --------------------------------  ---------------------------------------------------- 
 b)    Nature of the                     Grant of security interest over 
        transaction                       ordinary shares in the Company. 
----  --------------------------------  ---------------------------------------------------- 
 c)    Price(s) and volume(s)            Price(s)             Volume(s) 
----  --------------------------------  -------------------  ------------------------------- 
   GBP0.00                                                    14,291,200 
  -------------------                                        ------------------------------- 
 d)         Aggregated information       Price               Aggregated    Aggregate 
                                                             volume         total 
              *    Aggregated volume 
 
 
 
              *    Price 
----  --------------------------------  ------------------  ------------  ------------------ 
   GBP0.00             14,291,200                                          GBP0.00 
  ------------------  --------------------------------------------------  ------------------ 
 e)    Date of the transaction           25 November 2016 
----  --------------------------------  ---------------------------------------------------- 
 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:

Neill Abrams

Company Secretary

Ocado Group plc

Titan Court

3 Bishops Square

Hatfield Business Park

Hatfield, Hertfordshire AL10 9NE

Fax: [phone]

email: [e-mail]

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUWASRNKAAUAA

(END) Dow Jones Newswires

November 28, 2016 09:20 ET (14:20 GMT)