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Ocado Group PLC (OCDO)

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Thursday 26 March, 2020

Ocado Group PLC

Director/PDMR Shareholding

RNS Number : 7880H
Ocado Group PLC
26 March 2020
 

DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC

26 March 2020

 

Ocado Group plc
Director/PDMR Notification


Ocado Group plc (the "Company") announces that Duncan Tatton-Brown, the Chief Financial Officer of the Company, has on 23 March 2020 exercised 9,923 options to purchase Ocado ordinary shares of 2 pence each ("Shares"), originally granted to him on 12 August 2013 under the 2001 Ocado Executive Share Option Scheme ("ESOS"). Of these, 2,369 shares have been sold to pay for the costs of exercise. The remaining shares were retained by Duncan Tatton-Brown.

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Duncan Tatton-Brown

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 of 2 pence each in Ocado Group plc

 

 

ISIN GB00B3MBS747

b)

Nature of the transaction

 

Duncan Tatton-Brown, an Executive Director of Ocado Group plc, participated in the ESOS.

 

Options over ordinary shares were granted to Duncan Tatton-Brown on 12 August 2013. On 8 July 2016, options over 9,923 shares vested, with the exercise period ending 7 July 2023.

 

On 23 March 2020, Duncan Tatton-Brown exercised his options over 9,923 shares.

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£3.023

 

9,923

d)

Aggregated information

 

-  Aggregated volume

 

-  Price

 

Price

Aggregated volume

Aggregate total

£3.023

9,923

£29,997.23

e)

Date of the transaction

 

23 March 2020

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

1

Details of the person discharging managerial responsibilities/person closely associated

 

a)

Name

 

Duncan Tatton-Brown

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 of 2 pence each in Ocado Group plc

 

 

ISIN GB00B3MBS747

b)

Nature of the transaction

 

Duncan Tatton-Brown, an Executive Director of Ocado Group plc, participated in the ESOS.

 

Options over ordinary shares were granted to Duncan Tatton-Brown on 12 August 2013.  On 8 July 2016, options over 9,923 shares vested, with the exercise period ending 7 July 2023.

 

On 23 March 2020, Duncan Tatton-Brown exercised his options over 9,923 shares. Of those shares, 2,369 were sold to cover the option cost of £3.023 per ordinary share and associated trading costs .

c)

Price(s) and volume(s)

 

Price(s)

 

Volume(s)

£12.69

 

2,369

d)

Aggregated information

 

-  Aggregated volume

 

-  Price

 

Price

Aggregated volume

Aggregate total

£12.69

2,369

£30,062.61

e)

Date of the transaction

 

23 March 2020

f)

Place of the transaction

 

London Stock Exchange (XLON)

 

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:

Neill Abrams
Company Secretary
Ocado Group plc
Buildings One & Two Trident Place
Mosquito Way
Hatfield
Hertfordshire
AL10 9UL
Fax: +44 (0)1707 227997
email:
[email protected]  

 

Ocado Group plc LEI: 213800LO8F61YB8MBC74

 


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