Ocado Group PLC Director/PDMR Shareholding (0997T)

TIDMOCDO

RNS Number : 0997T

Ocado Group PLC

22 March 2021

DIRECTOR/PDMR NOTIFICATION

OCADO GROUP PLC

22 March 2021

Ocado Group plc

Director/PDMR Notification

Ocado Group plc ("the Company") makes the following announcement regarding two of its Directors' participation in The Ocado Save As You Earn Scheme ("Sharesave").

The Sharesave is a tax advantaged share scheme offered to all eligible employees of the Company on the same terms. It offers the opportunity for employees to buy ordinary shares (Shares") in the Company using savings accumulated over a three year period. The maximum amount permitted by HMRC to be invested in all Sharesave schemes is GBP6,000 per annum.

Tim Steiner and Luke Jensen, Executive Directors, have elected to participate in the 2021 offer of Sharesave as detailed below. They have each been granted 767 options over Shares. The options were granted at a price of 2,346 pence per Share on 19 March 2021. The options become exercisable after three years on 1 May 2024. The notification of dealing form can be found 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 in Ocado Group plc 
        financial instrument, 
        type of instrument 
                                         ISIN GB00B3MBS747 
        Identification code 
      -------------------------------  ---------------------------------------------------- 
 b)    Nature of the transaction        Tim Steiner joined the Ocado Group plc 
                                         Sharesave 2021 scheme and will make monthly 
                                         contributions of GBP500. The Sharesave 
                                         scheme is an HMRC approved, all employee 
                                         savings-related share option plan. 
      -------------------------------  ---------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                    Volume(s) 
      -------------------------------  --------------------------  ------------------------ 
   2,346 pence per Share                                            767 
  ---------------------------------------------------------------  ------------------------ 
 d)         Aggregated information      Price               Aggregated     Aggregate total 
                                                             volume 
              *    Aggregated volume 
 
 
 
              *    Price 
      -------------------------------  ------------------  -------------  ----------------- 
   2,346 pence 
    per share                                               767            767 
  -------------------------------------------------------  -------------  ----------------- 
 e)    Date of the transaction          19 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 in Ocado Group plc 
        financial instrument, 
        type of instrument 
                                         ISIN GB00B3MBS747 
        Identification code 
      -------------------------------  ---------------------------------------------------- 
 b)    Nature of the transaction        Luke Jensen joined the Ocado Group plc 
                                         Sharesave 2021 scheme and will make monthly 
                                         contributions of GBP500. The Sharesave 
                                         scheme is an HMRC approved, all employee 
                                         savings-related share option plan. 
      -------------------------------  ---------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                    Volume(s) 
      -------------------------------  --------------------------  ------------------------ 
   2,346 pence per Share                                            767 
  ---------------------------------------------------------------  ------------------------ 
 d)         Aggregated information      Price               Aggregated     Aggregate total 
                                                             volume 
              *    Aggregated volume 
 
 
 
              *    Price 
      -------------------------------  ------------------  -------------  ----------------- 
   2,346 pence 
    per Share                                               767            767 
  -------------------------------------------------------  -------------  ----------------- 
 e)    Date of the transaction          19 March 2021 
      -------------------------------  ---------------------------------------------------- 
 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

Group General Counsel and 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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March 22, 2021 14:21 ET (18:21 GMT)