DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC
28 March 2024
Ocado Group plc
Director/PDMR Notification
Ocado Group plc ("the Company") announces that on 27 March 2024 awards under the Ocado Annual Incentive Plan ("AIP") were granted to the PDMRs detailed below in the form of nil-cost options (the "Awards") over ordinary shares in the Company.
The AIP was approved by Shareholders at the Company's Annual General Meeting on 1 May 2019.
No payment is required for the grant of the AIP Awards, or issue of the shares on vesting. For these AIP Awards, the number of shares was determined based on a price of 464.7 pence per share, being the volume weighted average price of a share for the three business days immediately before the Award Date.
A summary of the principal terms of the AIP are set out in the Notice of the Annual General Meeting dated 5 February 2019.
Details of the Awards are as set out below.
|
| 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/ Amendment
| Initial notification | |||
| 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 financial instrument, type of instrument
Identification code
| Ordinary shares in Ocado Group plc
ISIN GB00B3MBS747 | |||
| b) | Nature of the transaction
| Grant of a nil-cost option, subject to the rules of the AIP.
50% of the AIP achieved in the financial year ended 3 December 2023 is deferred into shares for three years and is also subject to a two-year holding period on vesting. | |||
| c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
| £0.00
| 119,023 | ||||
| d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
| £0.00 | 119,023 | £0.00 | |||
| e) | Date of the transaction
| 27 March 2024 | |||
| f) | Place of the transaction
| Outside a regulated market | |||
|
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
| a) | Name
| Mark Richardson | |||
| 2 | Reason for the notification
| ||||
| a) | Position/status
| CEO, Ocado Intelligent Automation | |||
| b) | Initial notification/ Amendment
| Initial notification | |||
| 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 financial instrument, type of instrument
Identification code
| Ordinary shares in Ocado Group plc
ISIN GB00B3MBS747 | |||
| b) | Nature of the transaction
| Grant of a nil-cost option, subject to the rules of the AIP. 50% of the AIP achieved in the financial year ended 3 December 2023 is deferred into shares for three years and is also subject to a two-year holding period on vesting. | |||
| c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
| £0.00
| 63,132 | ||||
| d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
| £0.00 | 63,132 | £0.00 | |||
| e) | Date of the transaction
| 27 March 2024 | |||
| f) | Place of the transaction
| Outside a regulated market | |||
|
| Details of the person discharging managerial 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/ Amendment
| Initial notification | |||
| 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 financial instrument, type of instrument
Identification code
| Ordinary shares in Ocado Group plc
ISIN GB00B3MBS747 | |||
| b) | Nature of the transaction
| Grant of a nil-cost option, subject to the rules of the AIP. 50% of the AIP achieved in the financial year ended 3 December 2023 is deferred into shares for three years and is also subject to a two-year holding period on vesting. | |||
| c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
| £0.00
| 80,434 | ||||
| d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
| £0.00 | 80,434 | £0.00 | |||
| e) | Date of the transaction
| 27 March 2024 | |||
| f) | Place of the transaction
| Outside a regulated market | |||
|
| Details of the person discharging managerial responsibilities/person closely associated
|
|
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
| a) | Name
| Stephen Daintith | |||
| 2 | Reason for the notification
| ||||
| a) | Position/status
| Chief Financial Officer | |||
| b) | Initial notification/ Amendment
| Initial notification | |||
| 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 financial instrument, type of instrument
Identification code
| Ordinary shares in Ocado Group plc
ISIN GB00B3MBS747 | |||
| b) | Nature of the transaction
| Grant of a nil-cost option, subject to the rules of the AIP. 50% of the AIP achieved in the financial year ended 3 December 2023 is deferred into shares for three years and is also subject to a two-year holding period on vesting. | |||
| c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
| £0.00
| 93,751 | ||||
| d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
| £0.00 | 93,751 | £0.00 | |||
| e) | Date of the transaction
| 27 March 2024 | |||
| f) | Place of the transaction
| Outside a regulated market | |||
|
| Details of the person discharging managerial responsibilities/person closely associated
| ||||
| a) | Name
| James Matthews | |||
| 2 | Reason for the notification
| ||||
| a) | Position/status
| CEO, Ocado Technology | |||
| b) | Initial notification/ Amendment
| Initial notification | |||
| 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 financial instrument, type of instrument
Identification code
| Ordinary shares in Ocado Group plc
ISIN GB00B3MBS747 | |||
| b) | Nature of the transaction
| Grant of a nil-cost option, subject to the rules of the AIP. 50% of the AIP achieved in the financial year ended 3 December 2023 is deferred into shares for three years and is also subject to a two-year holding period on vesting. | |||
| c) | Price(s) and volume(s)
| Price(s)
| Volume(s) | ||
| £0.00
| 70,991 | ||||
| d) | Aggregated information
- Aggregated volume
- Price
| Price | Aggregated volume | Aggregate total | |
| £0.00 | 70,991 | £0.00 | |||
| e) | Date of the transaction
| 27 March 2024 | |||
| f) | Place of the transaction
| Outside a regulated market | |||
Further information concerning each Director's other interests in shares and share schemes are set out in the Company's annual report and accounts for the 53 weeks ended 3 December 2023, except as otherwise amended by a subsequent announcement.
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:
Megan Barnes
Head of Secretariat
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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