Ocado Group PLC Director/PDMR Shareholding (6533U)

TIDMOCDO

RNS Number : 6533U

Ocado Group PLC

13 July 2018

DIRECTOR/PDMR NOTIFICATION

OCADO GROUP PLC

13 July 2018

Ocado Group plc

Director/PDMR Notification

Ocado Group plc (the "Company") announces that it has received notification that Linic Ltd, a connected person to Tim Steiner, Ocado's Chief Executive Officer, has sold shares in the Company as set out below.

 
       Details of the person discharging managerial responsibilities/person 
  1     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 the               Ordinary shares of 2 pence each in Ocado 
        financial instrument,            Group plc 
        type of instrument 
 
        Identification code              ISIN GB00B3MBS747 
      -------------------------------  --------------------------------------------------------- 
 b)    Nature of the transaction        Sale of 5,000,000 shares by Linic Ltd, 
                                         a company wholly owned by Arthur Seligman 
                                         as trustee of the Steiner 2008 Millennium 
                                         Trust (of which Tim Steiner is one of a 
                                         number of discretionary beneficiaries). 
      -------------------------------  --------------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                       Volume(s) 
      -------------------------------  -----------------------------  -------------------------- 
   GBP10.46                                                            5,000,000 
  -----------------------------                                       -------------------------- 
 d)         Aggregated information      Price           Aggregated volume      Aggregate total 
 
              *    Aggregated volume 
 
 
 
              *    Price 
      -------------------------------  --------------  ---------------------  ------------------ 
   GBP10.46        5,000,000                                                   GBP52,300,000.00 
  --------------  ----------------------------------------------------------  ------------------ 
 e)    Date of the transaction          12 July 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

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July 13, 2018 11:48 ET (15:48 GMT)