TIDMOCDO

RNS Number : 4805K

Ocado Group PLC

21 September 2016

 
 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                                X 
----------------------------------------------------------------  --------------------- 
 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 
  similar economic effect to qualifying financial 
  instruments 
----------------------------------------------------------------  --------------------- 
 An event changing the breakdown of voting rights 
----------------------------------------------------------------  --------------------- 
 Other (please 
  specify): 
---------------------------------------------------------  -----  --------------------- 
 3. Full name of person(s)                                         Tremblant Capital LP 
  subject to the 
  notification obligation:                                               Brett Barakett 
  (iii) 
-----------------------------------------------------------  -------------------------- 
 4. Full name of shareholder(s)                                                     N/A 
  (if different from 3.):(iv) 
-----------------------------------------------------------  -------------------------- 
 5. Date of the transaction                                           19 September 2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  -------------------------- 
 6. Date on which issuer                                              21 September 2016 
  notified: 
-----------------------------------------------------------  -------------------------- 
 7. Threshold(s) that is/are                                                   Below 5% 
  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) 
--------------      ------------    ------------    --------------  ---------  ------------  ------------  ----------- 
 
 
  ORDINARY 
  GB00B3MBS747   31,378,821        31,378,821                                   31,378,821                  4.99% 
                ----------------  ----------------  --------------  ---------  ------------  ------------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of financial   Expiration      Exercise/                         Number of voting           % of voting 
  instrument          date            Conversion                        rights that                rights 
                      (xiii)          Period (xiv)                      may be 
                                                                        acquired if 
                                                                        the 
                                                                        instrument 
                                                                        is 
                                                                        exercised/ 
                                                                        converted. 
------------------  --------------  --------------------------------  -------------------------  --------------------- 
 
 
 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 voting           % of voting 
 financial          price          date            Conversion         rights instrument          rights (xix, 
 instrument                        (xvii)          period             refers to                  xx) 
                                                   (xviii) 
----------------  --------------  --------------  ----------------  -------------------------  ----------------------- 
                                                                                                Nominal       Delta 
----------------  --------------  --------------  ----------------  -------------------------  ------------  --------- 
 
 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                               Percentage of voting rights 
----------------------------------------------------  ---------------------------------------------------------------- 
 31,378,821                                            4.99% 
----------------------------------------------------  ---------------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
-------------------------------------------------------------------------------------------------- 
 
   Tremblant Capital LP currently advises private investment 
   funds, long only funds and separately managed accounts. 
   In addition, Tremblant serves as a sub-adviser to a 
   registered investment company and is the investment 
   manager to UCITS funds. Tremblant Capital LP has been 
   granted full discretion to exercise the voting rights 
   relating to the shares and financial instruments held 
   by these funds and accounts. 
 
   Mr. Brett Barakett is the managing member of the general 
   partner of Tremblant Capital LP and therefore has an 
   indirect interest in all of the voting rights which 
   are the subject of this notification. 
 
 Proxy Voting: 
-------------------------------------------------------------------------------------------------- 
 10. Name of the proxy holder: 
--------------------------------------------------------------  ---------------------------------- 
 11. Number of voting rights proxy 
  holder will cease to hold: 
--------------------------------------------------------------  ---------------------------------- 
 12. Date on which proxy holder will 
  cease to hold voting rights: 
--------------------------------------------------------------  ---------------------------------- 
 
 
  13. Additional information:                                             The denominator used for 
                                                                  this notification is 628,397,571 
                                                                                           shares. 
------------------------------------------------------------  ------------------------------------ 
 14. Contact name:                                                                        Mark Cho 
                                                                                   General Counsel 
                                                                           Tremblant Capital Group 
------------------------------------------------------------  ------------------------------------ 
 15. Contact telephone number:                                                            Mark Cho 
                                                                                    (212) 303-7361 
------------------------------------------------------------  ------------------------------------ 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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