OCDO Ocado Group Plc

TIDMOCDO

RNS Number : 3308Q

Ocado Group PLC

28 November 2016

DIRECTOR/PDMR SHAREHOLDING

OCADO GROUP PLC

28 November 2016

Ocado Group plc

Director/PDMR Notification

Ocado Group plc (the "Company") announces that it has received notification that Tim Steiner, Chief Executive Officer of the Company, has granted a security interest over his ordinary shares in the Company. The security interest has been granted in connection with a loan taken out for the purposes of settling obligations under a divorce judgment that was made by an order of court. As a result, the completion of contracts for the transfer of some of these ordinary shares to Tim Steiner's father, Nicolas Steiner (previously notified on 13 May 2016), is conditional on the release of the security interest. There is no change in beneficial ownership of the shares.

 
       Details of the person discharging managerial 
  1     responsibilities/person 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                    Ordinary shares of 2 pence each 
        the financial                     in Ocado Group plc 
        instrument, type 
        of instrument 
                                          ISIN GB00B3MBS747 
        Identification 
        code 
----  --------------------------------  ----------------------------------------------------- 
 b)    Nature of the                     Grant of a security interest 
        transaction                       over 15,197,812 ordinary shares 
                                          in the Company (including those 
                                          subject to forward sale agreements 
                                          with Nicolas Steiner) and any 
                                          further ordinary shares held 
                                          from time to time. 
----  --------------------------------  ----------------------------------------------------- 
 c)    Price(s) and volume(s)            Price(s)              Volume(s) 
----  --------------------------------  --------------------  ------------------------------- 
   GBP0.00                                                     15,197,812 
  --------------------                                        ------------------------------- 
 d)         Aggregated information       Price                Aggregated    Aggregate 
                                                              volume         total 
              *    Aggregated volume 
 
 
 
              *    Price 
----  --------------------------------  -------------------  ------------  ------------------ 
   GBP0.00              15,197,812                                          GBP0.00 
  -------------------  --------------------------------------------------  ------------------ 
 e)    Date of the transaction           25 November 2016 
----  --------------------------------  ----------------------------------------------------- 
 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

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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