Ocado Group PLC Director/PDMR Shareholding (1094I)
March 20 2015 - 02:12PM
UK Regulatory
TIDMOCDO
RNS Number : 1094I
Ocado Group PLC
20 March 2015
DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC
20 March 2015
Ocado Group plc
Director/PDMR Notification
Ocado Group plc ("the Company") announces that it has received
notification from four directors, pursuant to the FCA's Disclosure
Rules and Transparency Rules 3.1.2R, on 20 March 2015, in
connection with their participation in the Ocado Long-Term
Incentive Plan ("LTIP").
The Ocado directors listed below (the "Directors") were granted
a conditional award in respect of such ordinary shares of 2 pence
each of the Company, in accordance with the rules of the LTIP
("LTIP Awards").
The LTIP Awards are expected to vest on 13 March 2018, subject
to the LTIP rules, including the satisfaction of the performance
conditions and any other applicable conditions.
Name Position Number Total LTIP
of conditional awards
award shares
--------------------- ------------------- ---------------- -----------
Chief Executive
Tim Steiner Officer 291,005 1,837,544
--------------------- ------------------- ---------------- -----------
Chief Financial
Duncan Tatton-Brown Officer 134,920 916,918
--------------------- ------------------- ---------------- -----------
Legal and
Business Affairs
Neill Abrams Director 90,476 459,370
--------------------- ------------------- ---------------- -----------
Operations
Mark Richardson Director 134,920 700,455
--------------------- ------------------- ---------------- -----------
The LTIP was approved by shareholders at the Company's Annual
General Meeting on 10 May 2013. The LTIP Award is the third such
award made under the LTIP.
No payment is required for the grant of the LTIP Awards. For
these LTIP Awards, the number of Shares was determined based on a
price of 378 pence per share, being the volume weighted average
price of the Company's ordinary shares on the three trading days
prior to 13 March 2015.
For the purposes of DTR 3.1.3, the above transactions took place
in the United Kingdom, with a grant date of 13 March 2015 and the
Directors being notified on 20 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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