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TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARESi |
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1. Identity of the issuer or the underlying issuer |
Ocado Group Plc |
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2 Reason for the notification (please tick the appropriate box or boxes): |
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An acquisition or disposal of voting rights |
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An acquisition or disposal of qualifying financial instruments which may result in the acquisition of shares already issued to which voting rights are attached |
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An acquisition or disposal of instruments with similar economic effect to qualifying financial instruments |
x |
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An event changing the breakdown of voting rights |
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Other (please specify): |
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3. Full name of person(s) subject to the |
Morgan Stanley (Institutional Securities Group and Global Wealth Management) |
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4. Full name of shareholder(s) |
Morgan Stanley & Co. LLC |
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5. Date of the transaction and date on |
16/02/2016 |
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6. Date on which issuer notified: |
18/02/2016 |
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7. Threshold(s) that is/are crossed or |
11%*
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8. Notified details: |
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A: Voting rights attached to shares viii, ix |
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Class/type of
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Situation previous |
Resulting situation after the triggering transaction |
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Number |
Number |
Number |
Number of voting |
% of voting rights x |
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Direct |
Direct xi |
Indirect xii |
Direct |
Indirect |
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20,913,315 |
20,913,315 |
20,820,898 |
20,820,898 |
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3.53% |
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GB00B3MBS747
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B,: Qualifying Financial Instruments |
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Resulting situation after the triggering transaction |
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Type of financial |
Expiration |
Exercise/ |
Number of voting |
% of voting |
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Right of Recall over a securities lending agreement |
n/a |
n/a |
13,552,644 |
2.30% |
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C: Financial Instruments with similar economic effect to Qualifying Financial Instruments xv, xvi |
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Resulting situation after the triggering transaction |
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Type of financial |
Exercise price |
Expiration date xvii |
Exercise/ |
Number of voting rights instrument refers to
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% of voting rights xix, xx
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Equity Swap |
n/a |
30-03-2016 |
n/a |
600,000 |
Nominal |
Delta |
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n/a |
0.10% |
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Equity Swap |
n/a |
31-03-2016 |
n/a |
716,196 |
n/a |
0.12% |
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Equity Swap |
n/a |
05-09-2016 |
n/a |
1,405,242 |
n/a |
0.24% |
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Equity Swap |
n/a |
15-12-2016 |
n/a |
3,354,977 |
n/a |
0.57% |
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Equity Swap |
n/a |
17-03-2017 |
n/a |
4,121,449 |
n/a |
0.70% |
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Equity Swap |
n/a |
30-05-2017 |
n/a |
4,900,000 |
n/a |
0.83% |
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Equity Swap |
n/a |
04-09-2017 |
n/a |
2,145,800 |
n/a |
0.36% |
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Equity Swap |
n/a |
11-09-2017 |
n/a |
6,730,000 |
n/a |
1.14% |
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Equity Swap |
n/a |
16-11-2017 |
n/a |
259,300 |
n/a |
0.04% |
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Equity Swap |
n/a |
07-12-2017 |
n/a |
339,684 |
n/a |
0.06% |
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Equity Swap |
n/a |
12-02-2018 |
n/a |
950,000 |
n/a |
0.16% |
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Equity Swap |
n/a |
04-01-2018 |
n/a |
2,877,733 |
n/a |
0.49% |
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Equity Swap |
n/a |
08-01-2018 |
n/a |
4,881,834 |
n/a |
0.83% |
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Equity Swap |
n/a |
22-01-2018 |
n/a |
391,377 |
n/a |
0.07% |
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Total (A+B+C) |
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Number of voting rights |
Percentage of voting rights |
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68,047,134 |
11.53% |
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9. Chain of controlled undertakings through which the voting rights and/or the |
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Morgan Stanley Capital Services LLC; c/o The Corporation Trust Company (DE), Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware 19801, USA is a direct holder of 33,673,592 voting rights (5.71%) & Morgan Stanley & Co. LLC; c/o The Corporation Trust Company (DE), Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware 19801, USA is a direct holder of 34,365,061 voting rights (5.82%), each are subsidiaries of Morgan Stanley Domestic Holdings, Inc.
Morgan Stanley Domestic Holdings, Inc.; c/o The Corporation Trust Company (DE), Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware 19801, USA is an indirect holder of 68,047,134 voting rights (11.53%), and is a subsidiary of Morgan Stanley Capital Management, LLC
Morgan Stanley Capital Management, LLC; c/o The Corporation Trust Company (DE), Corporation Trust Center, 1209 Orange Street, Wilmington, Delaware 19801, USA is an indirect holder of 68,047,134 voting rights (11.53%), and is a subsidiary of Morgan Stanley.
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Proxy Voting: |
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10. Name of the proxy holder: |
N/A |
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11. Number of voting rights proxy holder will cease |
N/A |
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12. Date on which proxy holder will cease to hold |
N/A |
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Of the total voting rights attached to shares in Section 8A, 20,812,417 (3.53%) of these are the result of stock borrowing agreements.
Morgan Stanley's total holding in Ocado Group Plc remains above the 11% threshold previously disclosed, however, this notification is being made on the basis that the holding in section(s) 8(b), 8(c) have crossed a relevant threshold in there own right at the component level. |
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14. Contact name: |
Craig Horsley
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15. Contact telephone number: |
0141 245 7736 |
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