TIDMOCDO

RNS Number : 9829M

Ocado Group PLC

19 October 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)                                      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                                               17.10.2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer                                                  19.10.2016 
  notified: 
-----------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are                                                 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) 
-------------    ------------    -----------    -----------------  ------------  -------------  ---------  ----------- 
 GB00B3MBS747   1,901,662         1,901,662      1,251,702          1,251,702                    0.20% 
               ----------------  -------------  -----------------  ------------  -------------  ---------  ----------- 
 
 
 B: Qualifying Financial Instruments 
---------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
---------------------------------------------------------------------------------------------------------------------- 
 Type of          Expiration                   Exercise/          Number of voting    % of voting 
 financial         date (xiii)                  Conversion         rights that         rights 
 instrument                                     Period (xiv)       may be 
                                                                   acquired if 
                                                                   the 
                                                                   instrument 
                                                                   is 
                                                                   exercised/ 
                                                                   converted. 
---------------  ---------------------------  -----------------  ------------------  --------------------------------- 
 Right of 
 recall 
 over 
 securities 
 lending 
 agreements                  N/A                     N/A             17,364,040                    2.76% 
---------------  ---------------------------  -----------------  ------------------  --------------------------------- 
 
 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 
-------------  --------------  -------------  ---------------  ------------------  -------------  -------------------- 
 Equity Swap         N/A         30.03.2017         N/A              600,000            N/A               0.10% 
-------------  --------------  -------------  ---------------  ------------------  -------------  -------------------- 
 Equity Swap         N/A         11.09.2017         N/A             8,690,000           N/A               1.38% 
-------------  --------------  -------------  ---------------  ------------------  -------------  -------------------- 
 Equity Swap         N/A         04.01.2018         N/A              889,065            N/A               0.14% 
-------------  --------------  -------------  ---------------  ------------------  -------------  -------------------- 
 Equity Swap         N/A         08.01.2018         N/A             1,117,842           N/A               0.18% 
-------------  --------------  -------------  ---------------  ------------------  -------------  -------------------- 
 Equity Swap         N/A         22.01.2018         N/A             1,863,651           N/A               0.30% 
-------------  --------------  -------------  ---------------  ------------------  -------------  -------------------- 
 Equity Swap         N/A         12.02.2018         N/A             4,012,596           N/A               0.64% 
-------------  --------------  -------------  ---------------  ------------------  -------------  -------------------- 
 Total (A+B+C) 
---------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  ------------------------------------------------------- 
 35,788,896                                                     5.69% 
-------------------------------------------------------------  ------------------------------------------------------- 
 
 
 
 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, 1,243,531 (0.20%) of 
                                                           these are the result of a 
                                                           stock borrowing agreement 
 
                                                           Morgan Stanley's total holding 
                                                           in OCADO Group PLC remains 
                                                           above the 5.00% threshold 
                                                           previously disclosed however, 
                                                           this notification is being 
                                                           made on the basis that Morgan 
                                                           Stanley & Co. LLC, a wholly 
                                                           owned subsidiary of Morgan 
                                                           Stanley, has crossed a relevant 
                                                           threshold in its own right. 
-------------------------------------------------------  --------------------------------- 
 14. Contact name:                                        Craig Horsley 
-------------------------------------------------------  --------------------------------- 
 15. Contact telephone number:                            +44 141 245-7736 
-------------------------------------------------------  --------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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