Ocado Group PLC Director/PDMR Shareholding (4716B)

TIDMOCDO

RNS Number : 4716B

Ocado Group PLC

20 September 2018

DIRECTOR/PDMR NOTIFICATION

OCADO GROUP PLC

20 September 2018

Ocado Group plc

Director/PDMR Notification

Ocado Group plc (the "Company") makes the following announcement regarding the transactions in Ocado ordinary Shares of 2 pence each ("Shares") carried out by one of its Directors.

 
 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/            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        Transfer into sole name of the pro rata 
                                         amount of jointly owned Shares owned under 
                                         the Ocado Joint Share Ownership Scheme 
                                         ("JSOS"). 
 
                                         The JSOS scheme, which was put in place 
                                         prior to the Company's Admission in 2010, 
                                         involves the Executive Directors investing 
                                         their own funds to purchase a shared interest 
                                         in the Company's Shares at the market value 
                                         at that time. 
 
                                         Jointly with the Trustee of the Ocado Employee 
                                         Benefit Trust ("EBT"), Duncan Tatton-Brown 
                                         has owned 1,000,000 Shares awarded to him 
                                         under tranche 2 of the JSOS since 1 November 
                                         2012. The Rules provide that the jointly-owned 
                                         Shares can either be sold and the proceeds 
                                         apportioned, or the pro rata interests 
                                         in the jointly-owned Shares can be registered 
                                         in the individual names of the Participant 
                                         and the Trustee. Duncan Tatton-Brown has 
                                         elected the latter. As a result, 799,867 
                                         Shares are being re-registered in Duncan 
                                         Tatton-Brown's sole name and the balance 
                                         of 200,133 Shares will remain in the EBT 
                                         owned solely by the Trustee. 
 
                                         No new shares have been created as a result 
                                         of this transaction and the total beneficial 
                                         interest in Ocado Group plc owned by Duncan 
                                         Tatton-Brown has not changed. 
 
                                         For a detailed description of the JSOS 
                                         scheme refer to pages 249 to 252 of the 
                                         Company's Prospectus. 
      -------------------------------  ------------------------------------------------------------ 
 c)    Price(s) and volume(s)           Price(s)                         Volume(s) 
      -------------------------------  -------------------------------  --------------------------- 
   GBP0.00                                                               799,867 
  -------------------------------                                       --------------------------- 
 d)         Aggregated information      Price             Aggregated volume      Aggregate total 
 
              *    Aggregated volume 
 
 
 
              *    Price 
      -------------------------------  ----------------  ---------------------  ------------------- 
   GBP0.00           799,867                                                     GBP0.00 
  ----------------  ----------------------------------------------------------  ------------------- 
 e)    Date of the transaction          20 September 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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September 20, 2018 12:25 ET (16:25 GMT)