Ocado Group PLC Holding(s) in Company (9992Z)

TIDMOCDO

RNS Number : 9992Z

Ocado Group PLC

20 March 2017

 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
------------------------------------------------------------------------------------------------ 
 
 1. Identity of the issuer or                                           OCADO Group PLC 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-------------------------------------------------------------  --------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
------------------------------------------------------------------------------------------------ 
 An acquisition or disposal of voting rights 
----------------------------------------------------------------  ------------------------------ 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
----------------------------------------------------------------  ------------------------------ 
 An acquisition or disposal of instruments with                                  X 
  similar economic effect to qualifying financial 
  instruments 
----------------------------------------------------------------  ------------------------------ 
 An event changing the breakdown of voting rights 
----------------------------------------------------------------  ------------------------------ 
 Other (please 
  specify): 
---------------------------------------------------------  -----  ------------------------------ 
 3. Full name of person(s)                                      Morgan Stanley (Institutional 
  subject to the                                                  Securities Group and Global 
  notification obligation:                                            Wealth Management) 
  (iii) 
-----------------------------------------------------------  ----------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ----------------------------------- 
 5. Date of the transaction                                               16.03.2017 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer                                                  20.03.2017 
  notified: 
-----------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are                                                 4%* 
  crossed or 
  reached: (vi, vii) 
-----------------------------------------------------------  ----------------------------------- 
 
 
 
 8. Notified details: 
------------------------------------------------------------------------------------------------------ 
 A: Voting rights attached to shares (viii, ix) 
------------------------------------------------------------------------------------------------------ 
 Class/type      Situation previous        Resulting situation after the 
  of              to the triggering         triggering transaction 
  shares          transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
--------------  ------------------------  ------------------------------------------------------------ 
                 Number       Number       Number        Number of                % of voting 
                  of           of           of shares     voting                   rights (x) 
                  Shares       Voting                     rights 
                               Rights 
--------------  -----------  -----------  ------------  -----------------------  --------------------- 
                                           Direct        Direct        Indirect   Direct   Indirect 
                                                          (xi)         (xii) 
--------------  -----------  -----------  ------------  ------------  ---------  -------  ------------ 
 GB00B3MBS747    1,408,783    1,408,783    2,114,527     2,114,527                0.34% 
                -----------  -----------  ------------  ------------  ---------  -------  ------------ 
 
 
 B: Qualifying Financial Instruments 
------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------ 
 Type of         Expiration                Exercise/     Number of     % of voting 
 financial        date (xiii)              Conversion    voting         rights 
 instrument                                Period        rights that 
                                           (xiv)         may be 
                                                         acquired if 
                                                         the 
                                                         instrument 
                                                         is 
                                                         exercised/ 
                                                         converted. 
--------------  ------------------------  ------------  ------------  -------------------------------- 
 Right of 
  recall 
  over 
  securities 
  lending 
  agreements               N/A                 N/A       15,044,713                 2.39% 
--------------  ------------------------  ------------  ------------  -------------------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
------------------------------------------------------------------------------------------------------ 
 Resulting situation after the triggering transaction 
------------------------------------------------------------------------------------------------------ 
 Type of         Exercise     Expiration   Exercise/     Number of     % of voting 
  financial      price        date         Conversion    voting         rights (xix, 
  instrument                  (xvii)       period        rights         xx) 
                                           (xviii)       instrument 
                                                         refers to 
--------------  -----------  -----------  ------------  ------------  -------------------------------- 
                                                                       Nominal           Delta 
--------------  -----------  -----------  ------------  ------------  ---------  --------------------- 
 Equity Swap        N/A       30.03.2017       N/A         600,000       N/A             0.10% 
--------------  -----------  -----------  ------------  ------------  ---------  --------------------- 
 Equity Swap        N/A       11.09.2017       N/A        3,883,926      N/A             0.62% 
--------------  -----------  -----------  ------------  ------------  ---------  --------------------- 
 Equity Swap        N/A       12.02.2018       N/A        4,435,094      N/A             0.70% 
--------------  -----------  -----------  ------------  ------------  ---------  --------------------- 
 Equity Swap        N/A       08.03.2019       N/A         34,873        N/A             0.01% 
--------------  -----------  -----------  ------------  ------------  ---------  --------------------- 
 
 
 
 Total (A+B+C) 
------------------------------------------------------ 
 Number of voting rights   Percentage of voting rights 
------------------------  ---------------------------- 
 26,113,133                4.15% 
------------------------  ---------------------------- 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
-------------------------------------------------------------------------------------------- 
 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder:                            N/A 
-------------------------------------------------------  ----------------------------------- 
 11. Number of voting rights proxy                        N/A 
  holder will cease to hold: 
-------------------------------------------------------  ----------------------------------- 
 12. Date on which proxy holder will                      N/A 
  cease to hold voting rights: 
-------------------------------------------------------  ----------------------------------- 
 
                                                          Of the total voting rights 
  13. Additional information:                              attached to shares in Section 
                                                           8A, 2,106,356 (0.33%) of 
                                                           these are the result of stock 
                                                           borrowing agreements. 
 
                                                           Morgan Stanley's total holding 
                                                           in OCADO Group PLC remains 
                                                           above the 4% threshold previously 
                                                           disclosed, however, this 
                                                           notification is being made 
                                                           on the basis that the holding 
                                                           in sections 8(b)+8(c) has 
                                                           crossed a relevant threshold 
                                                           in their own right at the 
                                                           component level. 
-------------------------------------------------------  ----------------------------------- 
 14. Contact name:                                        Craig Horsley 

-------------------------------------------------------  ----------------------------------- 
 15. Contact telephone number:                            [phone] 
-------------------------------------------------------  ----------------------------------- 
 
 

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The company news service from the London Stock Exchange

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March 20, 2017 13:07 ET (17:07 GMT)