TIDMOCDO

RNS Number : 1254X

Ocado Group PLC

16 February 2017

DIRECTOR/PDMR NOTIFICATION

OCADO GROUP PLC

16 February 2017

Ocado Group plc

Director/PDMR Notification

Ocado Group plc (the "Company") makes the following announcement regarding its Directors' participation in The Ocado Share Incentive Plan.

 
       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                    Tim Steiner participated in the 
        transaction                      Ocado Share Incentive Plan ("SIP"). 
                                         The SIP is a HMRC approved tax-advantaged 
                                         all-employee share scheme that 
                                         was approved by shareholders 
                                         at the Company's Annual General 
                                         Meeting on 11 May 2011. Under 
                                         it, 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"). 
                                         Tim Steiner purchased 57 Partnership 
                                         Shares at a price of GBP2.605 
                                         per Partnership Share, and was 
                                         granted by the Company (for no 
                                         consideration) 8 Matching Shares. 
                                         These shares are held by the 
                                         employee benefit trust for the 
                                         SIP. 
----  -------------------------------  ------------------------------------------------------------ 
 c)    Price(s) and volume(s)           Price(s)                 Volume(s) 
----  -------------------------------  -----------------------  ----------------------------------- 
   GBP2.605                                                      57 
  -----------------------                                       ----------------------------------- 
   GBP0.00                                                       8 
  -----------------------                                       ----------------------------------- 
 d)         Aggregated information      Price                   Aggregated    Aggregate 
                                                                volume         total 
              *    Aggregated volume 
 
 
 
              *    Price 
----  -------------------------------  ----------------------  ------------  ---------------------- 
   GBP2.284                65                                                 GBP148.49 
  ----------------------  -------------------------------------------------  ---------------------- 
 e)    Date of the transaction          16 February 2017 
----  -------------------------------  ------------------------------------------------------------ 
 f)    Place of the transaction         London Stock Exchange (XLON) 
----  -------------------------------  ------------------------------------------------------------ 
 
 
 
       Details of the person discharging managerial 
  1     responsibilities/person closely associated 
----  ---------------------------------------------------------------------------------------- 
 a)    Name                             Duncan Tatton-Brown 
----  -------------------------------  ------------------------------------------------------- 
 2     Reason for the notification 
----  ---------------------------------------------------------------------------------------- 
 a)    Position/status                  Chief Financial 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                    Duncan Tatton-Brown participated 
        transaction                      in the Ocado Share Incentive 
                                         Plan ("SIP"). The SIP is a HMRC 
                                         approved tax-advantaged all-employee 
                                         share scheme that was approved 
                                         by shareholders at the Company's 
                                         Annual General Meeting on 11 
                                         May 2011. Under it, 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"). 
                                         Duncan Tatton-Brown purchased 
                                         58 Partnership Shares at a price 
                                         of GBP2.605 per Partnership Share, 
                                         and was granted by the Company 
                                         (for no consideration) 8 Matching 
                                         Shares. These shares are held 
                                         by the employee benefit trust 
                                         for the SIP. 
----  -------------------------------  ------------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)              Volume(s) 
----  -------------------------------  --------------------  --------------------------------- 
   GBP2.605                                                   58 
  --------------------                                       --------------------------------- 
   GBP0.00                                                    8 
  --------------------                                       --------------------------------- 
 d)         Aggregated information      Price                Aggregated    Aggregate 
                                                             volume         total 
              *    Aggregated volume 
 
 
 
              *    Price 
----  -------------------------------  -------------------  ------------  -------------------- 
   GBP2.289             66                                                 GBP151.09 
  -------------------  -------------------------------------------------  -------------------- 
 e)    Date of the transaction          16 February 2017 
----  -------------------------------  ------------------------------------------------------- 
 f)    Place of the transaction         London Stock Exchange (XLON) 
----  -------------------------------  ------------------------------------------------------- 
 
 
 
       Details of the person discharging managerial 
  1     responsibilities/person 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                   Ordinary shares of 2 pence each 
        the financial                    in Ocado Group plc 
        instrument, type 
        of instrument 
                                         ISIN GB00B3MBS747 
        Identification 
        code 
----  -------------------------------  ------------------------------------------------------- 
 b)    Nature of the                    Mark Richardson participated 
        transaction                      in the Ocado Share Incentive 
                                         Plan ("SIP"). The SIP is a HMRC 
                                         approved tax-advantaged all-employee 
                                         share scheme that was approved 
                                         by shareholders at the Company's 
                                         Annual General Meeting on 11 
                                         May 2011. Under it, 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"). 
                                         Mark Richardson purchased 57 
                                         Partnership Shares at a price 
                                         of GBP2.605 per Partnership Share, 
                                         and was granted by the Company 
                                         (for no consideration) 8 Matching 
                                         Shares. These shares are held 
                                         by the employee benefit trust 
                                         for the SIP. 
----  -------------------------------  ------------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)              Volume(s) 
----  -------------------------------  --------------------  --------------------------------- 
   GBP2.605                                                   57 
  --------------------                                       --------------------------------- 
   GBP0.00                                                    8 
  --------------------                                       --------------------------------- 
 d)         Aggregated information      Price                Aggregated    Aggregate 
                                                             volume         total 
              *    Aggregated volume 
 
 
 
              *    Price 
----  -------------------------------  -------------------  ------------  -------------------- 
   GBP2.284             65                                                 GBP148.49 
  -------------------  -------------------------------------------------  -------------------- 
 e)    Date of the transaction          16 February 2017 
----  -------------------------------  ------------------------------------------------------- 
 f)    Place of the transaction         London Stock Exchange (XLON) 
----  -------------------------------  ------------------------------------------------------- 
 
 
 
       Details of the person discharging managerial 
  1     responsibilities/person 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                   Ordinary shares of 2 pence each 
        the financial                    in Ocado Group plc 
        instrument, type 
        of instrument 
                                         ISIN GB00B3MBS747 
        Identification 
        code 
----  -------------------------------  ----------------------------------------------------------- 
 b)    Nature of the                    Neill Abrams participated in 
        transaction                      the Ocado Share Incentive Plan 
                                         ("SIP"). The SIP is a HMRC approved 
                                         tax-advantaged all-employee share 
                                         scheme that was approved by shareholders 
                                         at the Company's Annual General 
                                         Meeting on 11 May 2011. Under 
                                         it, 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"). 
                                         Neill Abrams purchased 57 Partnership 
                                         Shares at a price of GBP2.605 
                                         per Partnership Share, and was 
                                         granted by the Company (for no 
                                         consideration) 8 Matching Shares. 
                                         These shares are held by the 
                                         employee benefit trust for the 
                                         SIP. 
----  -------------------------------  ----------------------------------------------------------- 
 c)    Price(s) and volume(s)           Price(s)                Volume(s) 
----  -------------------------------  ----------------------  ----------------------------------- 
   GBP2.605                                                     57 
  ----------------------                                       ----------------------------------- 
   GBP0.00                                                      8 
  ----------------------                                       ----------------------------------- 
 d)         Aggregated information      Price                  Aggregated    Aggregate 
                                                               volume         total 
              *    Aggregated volume 
 
 
 
              *    Price 
----  -------------------------------  ---------------------  ------------  ---------------------- 
   GBP2.284               65                                                 GBP148.49 
  ---------------------  -------------------------------------------------  ---------------------- 
 e)    Date of the transaction          16 February 2017 
----  -------------------------------  ----------------------------------------------------------- 
 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 227997

email: company.secretary@ocado.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

DSHUNRBRBRAUAAR

(END) Dow Jones Newswires

February 16, 2017 12:45 ET (17:45 GMT)

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