TIDMOCDO

RNS Number : 8283H

Ocado Group PLC

18 March 2015

DIRECTOR/PDMR SHAREHOLDING

OCADO GROUP PLC

18 March 2015

Ocado Group plc

Director/PDMR Notification

Ocado Group plc ("the Company") announces that it has received notification, pursuant to the FCA's Disclosure Rules and Transparency Rules 3.1.2R, on 17 March 2015, in connection with its directors' participation in the Ocado Share Incentive Plan ("SIP").

The SIP is a HMRC tax-advantaged all-employee share scheme, under which employees are able to purchase ordinary shares in the Company of 2 pence each at market value ("Partnership Shares"), using deductions from salary each month, and receive allocations of matching ordinary shares of 2 pence each ("Matching Shares").

The Ocado directors listed below (the "Directors") purchased the number of Partnership Shares set out in the table below, at a price of GBP3.709 per Partnership Share, and were allocated (for no consideration) the number of Matching Shares set out in the table below. These shares are held by the employee benefit trust for the SIP.

 
 Name               Position              Number          Number      Total      Total 
                                       of Partnership   of Matching   shares   SIP holding 
                                           Shares         Shares                 to-date 
-----------------  -----------------  ---------------  ------------  -------  ------------ 
                    Chief Executive 
 Tim Steiner         Officer                41              5          46        1,471 
-----------------  -----------------  ---------------  ------------  -------  ------------ 
 Duncan             Chief Financial 
  Tatton-Brown       Officer                40              5          45        1,463 
-----------------  -----------------  ---------------  ------------  -------  ------------ 
                    Operations 
 Mark Richardson     Director               41              6          47        1,515 
-----------------  -----------------  ---------------  ------------  -------  ------------ 
                    Legal & 
                     Business 
 Neill               Affairs 
  Abrams             Director               41              6          47        1,337 
-----------------  -----------------  ---------------  ------------  -------  ------------ 
 

As a result of the above transaction, the interests of the Directors (and their connected persons) in the Company's ordinary shares (excluding any interests, options and awards under the Company's Long Term Incentive Plan, Sharesave, 2001 Executive Share Option Scheme, 2014 Executive Share Option Scheme, Joint Share Ownership Scheme and Growth Incentive Plan) are:

 
 Name                      Number of         Percentage 
                         Ordinary Shares      of issued 
                              held          share capital 
---------------------  -----------------  --------------- 
 Tim Steiner               28,696,816          4.62% 
---------------------  -----------------  --------------- 
 Duncan Tatton-Brown        159,328            0.026% 
---------------------  -----------------  --------------- 
 Mark Richardson             1,515            0.0002% 
---------------------  -----------------  --------------- 
 Neill Abrams              1,875,036           0.302% 
---------------------  -----------------  --------------- 
 

The SIP was approved by shareholders at the Company's Annual General Meeting on 11 May 2011.

For the purposes of DTR 3.1.3, the above transactions took place in the United Kingdom, with an issue date of 17 March 2015 and the Company/ the Directors being notified on 17 March 2015.

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 30 November 2014, 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: company.secretary@ocado.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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