Ocado Group PLC Director/PDMR Shareholding (1707F)
February 17 2015 - 12:29PM
UK Regulatory
TIDMOCDO
RNS Number : 1707F
Ocado Group PLC
17 February 2015
DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC
17 February 2015
Ocado Group plc
Director/PDMR Notification
Ocado Group plc ("the Company") announces that it has received
notification, pursuant to the FCA's Disclosure Rules and
Transparency Rules 3.1.2R, on 17 February 2015, in connection with
its directors' participation in the Ocado Share Incentive Plan
("SIP").
The SIP is a HMRC tax-advantaged all-employee share scheme,
under which employees are able to purchase ordinary shares in the
Company of 2 pence each at market value ("Partnership Shares"),
using deductions from salary each month, and receive allocations of
matching ordinary shares of 2 pence each ("Matching Shares").
The Ocado directors listed below (the "Directors") purchased the
number of Partnership Shares set out in the table below, at a price
of GBP3.85 per Partnership Share, and were allocated (for no
consideration) the number of Matching Shares set out in the table
below. These shares are held by the employee benefit trust for the
SIP.
Name Position Number of Number of Total shares Total SIP
Partnership Matching holding to-date
Shares Shares
--------------------- ------------------- ------------ --------- ------------ ----------------
Chief Executive
Tim Steiner Officer 39 6 45 1,425
--------------------- ------------------- ------------ --------- ------------ ----------------
Chief Financial
Duncan Tatton-Brown Officer 39 6 45 1,418
--------------------- ------------------- ------------ --------- ------------ ----------------
Operations
Mark Richardson Director 39 6 45 1,468
--------------------- ------------------- ------------ --------- ------------ ----------------
Legal & Business
Neill Abrams Affairs Director 39 6 45 1,290
--------------------- ------------------- ------------ --------- ------------ ----------------
As a result of the above transaction, the interests of the
Directors (and their connected persons) in the Company's ordinary
shares (excluding any interests, options and awards under the
Company's Long Term Incentive Plan, Sharesave, 2001 Executive Share
Option Scheme, 2014 Executive Share Option Scheme, Joint Share
Ownership Scheme and Growth Incentive Plan) are:
Name Number of Ordinary Percentage of
Shares held issued share capital
--------------------- ------------------- ----------------------
Tim Steiner 28,696,770 4.62%
--------------------- ------------------- ----------------------
Duncan Tatton-Brown 159,283 0.026%
--------------------- ------------------- ----------------------
Mark Richardson 1,468 0.0002%
--------------------- ------------------- ----------------------
Neill Abrams 1,874,989 0.302%
--------------------- ------------------- ----------------------
The SIP was approved by shareholders at the Company's Annual
General Meeting on 11 May 2011.
For the purposes of DTR 3.1.3, the above transactions took place
in the United Kingdom, with an issue date of 16February 2015 and
the Company/the Directors being notified on 17 February 2015.
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 30 November 2014, except
as otherwise amended by a subsequent announcement.
Enquiries:
Company Secretary
Neill Abrams
Ocado Group plc
Titan Court
3 Bishops Square
Hatfield Business Park
Hatfield, Hertfordshire AL10 9NE
Fax: +44 (0)1707 227 997
email: company.secretary@ocado.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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