TIDMOCDO

RNS Number : 7781R

Ocado Group PLC

01 July 2020

DIRECTOR/PDMR NOTIFICATION

OCADO GROUP PLC

1 July 2020

Ocado Group plc

Director/PDMR Notification

Ocado Group plc (the "Company" or "Ocado") makes the following announcement regarding a transaction in Ocado ordinary shares of 2 pence each ("Shares") carried out by one of its Directors. The Company received notification on 30 June 2020 that Tim Steiner, Chief Executive Officer of Ocado, has completed a pre-existing forward sale agreement relating to the Shares.

 
 1     Details of the person discharging managerial 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 the                     Ordinary shares of 2 pence each in Ocado 
        financial instrument,                  Group plc 
        type of instrument 
 
        Identification code                    ISIN GB00B3MBS747 
      -------------------------------------  ---------------------------------------------------------------------- 
 b)    Nature of the transaction              As described on page 238 of the prospectus 
                                               issued by the Company on 6 July 2010, on 
                                               21 June 2010 Tim Steiner entered into seven 
                                               contracts each for the transfer of 2,000,000 
                                               Shares held in his name to his father, 
                                               Nicolas Steiner, in consideration of GBP100 
                                               and 97 per cent. of the market value of 
                                               the Shares on completion (which amount 
                                               may be paid over three years). 
                                               As previously reported on 2 June 2019, 
                                               the parties agreed to delay the date of 
                                               completion of the first contract to 30 
                                               June 2020 or such other date as the parties 
                                               may agree. The contract completed on 30 
                                               June 2020. 
      -------------------------------------  ---------------------------------------------------------------------- 
 c)    Price(s) and volume(s)                 Price(s)                Volume(s) 
      -------------------------------------  ----------------------  ---------------------------------------------- 
   GBP19.66415                                                        2,000,000 
  ----------------------                                             ---------------------------------------------- 
 d)         Aggregated information            Price                  Aggregated volume    Aggregate total 
 
              *    Aggregated volume 
 
 
 
              *    Price 
      -------------------------------------  ---------------------  -------------------  -------------------------- 
   GBP19.66415            2,000,000                                                       GBP39,328,300.00 
  ---------------------  --------------------------------------------------------------  -------------------------- 
 e)    Date of the transaction                30 June 2020 
      -------------------------------------  ---------------------------------------------------------------------- 
 f)    Place of the transaction               Outside of a regulated market 
      -------------------------------------  ---------------------------------------------------------------------- 
 
 

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:

Robert Cooper

Deputy Company Secretary

Ocado Group plc

Buildings One & Two Trident Place

Mosquito Way

Hatfield

Hertfordshire

AL10 9UL

Fax: +44 (0)1707 227997

email: company.secretary@ocado.com

Ocado Group plc LEI: 213800LO8F61YB8MBC74

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END

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