leadf
logo-loader
RNS
viewOcado Group PLC

Ocado Group PLC - Director/PDMR Shareholding

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/ 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

 

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 £100 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)

£19.66415

 

2,000,000

d)

Aggregated information

 

-     Aggregated volume

 

-     Price

 

Price

Aggregated volume

Aggregate total

£19.66415

2,000,000

£39,328,300.00

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:
[email protected] 

 

Ocado Group plc LEI: 213800LO8F61YB8MBC74


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
DSHUAUBRRUUBRAR

Quick facts: Ocado Group PLC

Price: -

Market: LSE
Market Cap: -
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

4 min read