Ocado Group PLC Director/PDMR Shareholding (6359K)

TIDMOCDO

RNS Number : 6359K

Ocado Group PLC

11 April 2018

DIRECTOR/PDMR SHAREHOLDING

OCADO GROUP PLC

11 April 2018

Ocado Group plc

Director/PDMR Notification

Ocado Group plc (the "Company") announces that it has received notification of the release of a security interest over the ordinary shares in the Company held by Linic Ltd, a company wholly owned by 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. As announced on 28 November 2016, the security interest was granted in connection with a loan taken out for the purposes of settling obligations under a divorce judgment that was made by an order of court. The loan has been repaid and consequently the security interest has been released. There is no change in beneficial ownership of the shares.

 
       Details of the person discharging managerial 
  1     responsibilities/person closely associated 
----  ----------------------------------------------------------------------------------- 
 a)    Name                              Linic Ltd 
----  --------------------------------  ------------------------------------------------- 
 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                     Release of a security interest 
        transaction                       over 9,791,200 ordinary shares 
                                          in the Company. 
----  --------------------------------  ------------------------------------------------- 
 c)    Price(s) and volume(s)            Price(s)            Volume(s) 
----  --------------------------------  ------------------  ----------------------------- 
   GBP0.00                                                   9,791,200 
  ------------------                                        ----------------------------- 
 d)         Aggregated information       Price              Aggregated    Aggregate 
                                                            volume         total 
              *    Aggregated volume 
 
 
 
              *    Price 
----  --------------------------------  -----------------  ------------  ---------------- 
   GBP0.00            9,791,200                                           GBP0.00 
  -----------------  --------------------------------------------------  ---------------- 
 e)    Date of the transaction           11 April 2018 
----  --------------------------------  ------------------------------------------------- 
 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

Buildings One & Two

Trident Place

Mosquito Way

Hatfield

Hertfordshire AL10 9UL

Fax: [phone]

email: [e-mail]

Ocado Group plc LEI: 213800LO8F61YB8MBC74

This information is provided by RNS

The company news service from the London Stock Exchange

END

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April 11, 2018 11:59 ET (15:59 GMT)