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OCDO Ocado Group Plc

364.60
-13.20 (-3.49%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Ocado Group Plc LSE:OCDO London Ordinary Share GB00B3MBS747 ORD 2P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -13.20 -3.49% 364.60 367.40 367.90 376.90 360.90 376.50 3,535,062 16:35:26
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Misc Retail Stores, Nec 2.83B -314M -0.3838 -9.59 3.01B

Ocado Group PLC Director/PDMR Shareholding (0260T)

22/03/2021 10:06am

UK Regulatory


Ocado (LSE:OCDO)
Historical Stock Chart


From Apr 2019 to Apr 2024

Click Here for more Ocado Charts.

TIDMOCDO

RNS Number : 0260T

Ocado Group PLC

22 March 2021

DIRECTOR/PDMR SHAREHOLDING

OCADO GROUP PLC

22 March 2021

Ocado Group plc

Director/PDMR Notification

Ocado Group plc ("the Company") announces that it received a notification on 18 March 2021 in connection with its Directors' participation in the Ocado Long-Term Incentive Plan ("LTIP").

Notification is given relating to LTIP awards originally granted on 1 March 2018 and which vested on 18 March 2021 at 79.9% of the original award in accordance with the rules of the LTIP and the relevant performance criteria. 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.

 
       Details of the person discharging managerial responsibilities/person 
  1     closely associated 
 a)    Name                             Tim Steiner 
      -------------------------------  -------------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------- 
 a)    Position/status                  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        Tim Steiner participated in the Ocado 
                                         Long-Term Incentive Plan. 
                                         An award was made to Tim Steiner on 1 
                                         March 2018. On 18 March 2021, 175,477 
                                         shares of the original award vested. 
                                         Of those shares, 82,764 were sold on 
                                         18 March 2021 to settle the associated 
                                         tax and national insurance liabilities. 
                                         The remaining balance of 92,713 shares 
                                         were transferred to a restricted account 
                                         in Tim Steiner's name, where they are 
                                         subject to a 2-year lockup. 
      -------------------------------  -------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                   Volume(s) 
      -------------------------------  -------------------------  ----------------------- 
   GBP20.17349                                                     82,764 
  -------------------------                                       ----------------------- 
 d)         Aggregated information      Price           Aggregated        Aggregate total 
                                                         volume 
              *    Aggregated volume 
 
 
 
              *    Price 
      -------------------------------  --------------  ----------------  ---------------- 
   GBP20.17349     82,764                                                 GBP1,669,638.73 
  --------------  -----------------------------------------------------  ---------------- 
 e)    Date of the transaction          18 March 2021 
      -------------------------------  -------------------------------------------------- 
 f)    Place of the transaction         London Stock Exchange (XLON) 
      -------------------------------  -------------------------------------------------- 
 
 
 
       Details of the person discharging managerial responsibilities/person 
  1     closely associated 
 a)    Name                             Mark Richardson 
      -------------------------------  -------------------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------------- 
 a)    Position/status                  Chief Operations 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        Mark Richardson participated in the Ocado 
                                         Long-Term Incentive Plan. 
                                         An award was made to Mark Richardson 
                                         on 1 March 2018. On 18 March 2021, 81,313 
                                         shares of the original award vested. 
                                         Of those shares, 38,352 were sold on 
                                         18 March 2021 to settle the associated 
                                         tax and national insurance liabilities. 
                                         The remaining balance of 42,961 shares 
                                         were transferred to a restricted account 
                                         in Mark Richardson's name, where they 
                                         are subject to a 2-year lockup. 
      -------------------------------  -------------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                        Volume(s) 
      -------------------------------  ------------------------------  ------------------------ 
   GBP20.17349                                                          38,352 
  ------------------------------                                       ------------------------ 
 d)         Aggregated information      Price            Aggregated volume      Aggregate 
                                                                                 total 
              *    Aggregated volume 
 
 
 
              *    Price 
      -------------------------------  ---------------  ---------------------  ---------------- 
   GBP20.17349      38,352                                                      GBP773,693.69 
  ---------------  ----------------------------------------------------------  ---------------- 
 e)    Date of the transaction          18 March 2021 
      -------------------------------  -------------------------------------------------------- 
 f)    Place of the transaction         London Stock Exchange (XLON) 
      -------------------------------  -------------------------------------------------------- 
 
 
 
       Details of the person discharging managerial responsibilities/person 
  1     closely associated 
 a)    Name                             Neill Abrams 
      -------------------------------  -------------------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------------- 
 a)    Position/status                  Group General Counsel and Company Secretary 
      -------------------------------  -------------------------------------------------------- 
 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        Neill Abrams participated in the Ocado 
                                         Long-Term Incentive Plan. 
                                         An award was made to Neill Abrams on 
                                         1 March 2018. On 18 March 2021, 54,592 
                                         shares of the original award vested. 
                                         Of those shares, 25,749 were sold on 
                                         18 March 2021 to finance the associated 
                                         tax and national insurance liabilities. 
                                         The remaining balance of 28,843 shares 
                                         were transferred to a restricted account 
                                         in Neill Abrams' name, where they are 
                                         subject to a 2-year lockup. 
      -------------------------------  -------------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                       Volume(s) 
      -------------------------------  -----------------------------  ------------------------- 
   GBP20.17349                                                         25,749 
  -----------------------------                                       ------------------------- 
 d)         Aggregated information      Price            Aggregated volume      Aggregate 
                                                                                 total 
              *    Aggregated volume 
 
 
 
              *    Price 
      -------------------------------  ---------------  ---------------------  ---------------- 
   GBP20.17349      25,749                                                      GBP519,447.19 
  ---------------  ----------------------------------------------------------  ---------------- 
 e)    Date of the transaction          18 March 2021 
      -------------------------------  -------------------------------------------------------- 
 f)    Place of the transaction         London Stock Exchange (XLON) 
      -------------------------------  -------------------------------------------------------- 
 
 
 
       Details of the person discharging managerial responsibilities/person 
  1     closely associated 
 a)    Name                             Luke Jensen 
      -------------------------------  -------------------------------------------------------- 
 2     Reason for the notification 
      ----------------------------------------------------------------------------------------- 
 a)    Position/status                  CEO, Ocado Solutions 
      -------------------------------  -------------------------------------------------------- 
 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        Luke Jensen participated in the Ocado 
                                         Long-Term Incentive Plan. 
                                         An award was made to Luke Jensen on 1 
                                         March 2018. On 18 March 2021, 77,989 
                                         shares of the original award vested. 
                                         In accordance with the rules of the LTIP, 
                                         Luke Jensen elected to exercise the award 
                                         in full and received a cash payment after 
                                         the associated tax and national insurance 
                                         liabilities were deducted. . 
      -------------------------------  -------------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                       Volume(s) 
      -------------------------------  -----------------------------  ------------------------- 
   GBP20.17349                                                         77,989 
  -----------------------------                                       ------------------------- 
 d)         Aggregated information      Price           Aggregated volume      Aggregate 
                                                                                total 
              *    Aggregated volume 
 
 
 
              *    Price 
      -------------------------------  --------------  ---------------------  ----------------- 
   GBP20.17349     77,989                                                      GBP1,573,310.31 
  --------------  ----------------------------------------------------------  ----------------- 
 e)    Date of the transaction          18 March 2021 
      -------------------------------  -------------------------------------------------------- 
 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 29 November 2020, 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: company.secretary@ocado.com

Ocado Group plc LEI: 213800LO8F61YB8MBC74

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END

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(END) Dow Jones Newswires

March 22, 2021 06:06 ET (10:06 GMT)

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