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Ocado Group PLC (OCDO)

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Friday 09 May, 2014

Ocado Group PLC

Director/PDMR Shareholding

RNS Number : 7206G
Ocado Group PLC
09 May 2014
 



DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC

9 May 2014

 

 

Ocado Group plc
Director/PDMR Notification

Ocado Group plc ("the Company") announces that it has received notification from three directors, pursuant to the FCA's Disclosure Rules and Transparency Rules 3.1.2R, on 8 and 9 May 2014, in connection with their participation in the Ocado Growth Incentive Plan ("GIP"). 

The Ocado directors listed below (the "Directors") were granted an option over shares in the Company with a nil exercise price, in accordance with the rules of the GIP ("GIP Awards"). 

Name

Position

Number of GIP Award options

Tim Steiner

Chief Executive Officer

4,000,000

Duncan Tatton-Brown

Chief Financial Officer

1,000,000

Mark Richardson

Operations Director

1,000,000

 

The GIP Awards are expected to vest on 8 May 2019, subject to the GIP rules, including the satisfaction of the performance condition and any other applicable conditions. No payment is required for the grant of the GIP Awards.

The GIP was approved by shareholders at the Company's Annual General Meeting on 7 May 2014.

For the purposes of DTR 3.1.3, the above transactions took place in the United Kingdom, with a grant date of 8 May 2014 and the Directors being notified on 8 May 2014. 

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 52 weeks ended 1 December 2013, except as otherwise amended by a subsequent announcement.

Enquiries:

Company Secretary
Ocado Group plc
Titan Court
3 Bishops Square
Hatfield Business Park
Hatfield, Hertfordshire AL10 9NE
Fax: +44 (0)1707 227 997
email: 
[email protected]

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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