Ocado Group PLC Director/PDMR Shareholding (1977N)
May 14 2015 - 07:18AM
UK Regulatory
TIDMOCDO
RNS Number : 1977N
Ocado Group PLC
14 May 2015
DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC
14 May 2015
Ocado Group plc
Director/PDMR Shareholding Notification
Further to the announcement made by Ocado Group plc ("the
Company") on 28 November 2014, the Company announces that it
received notification on 13 May 2015 from two Directors, pursuant
to the FCA's Disclosure Rules and Transparency Rules 3.1.2R, of the
following changes in Director/PDMR shareholdings in the Company as
a result of exercises of share options under the Ocado 2001
Executive Share Option Scheme. The share options were due to expire
on 16 May 2015.
Director/PDMR Position Share Scheme Number of Exercise
Options over Price (pence)
Ordinary per Option
Shares exercised over Ordinary
Share
--------------- ---------- --------------- ------------------ ---------------
Ocado 2001
Executive
Share Option
Tim Steiner Director Scheme 200,000 115
--------------- ---------- --------------- ------------------ ---------------
Ocado 2001
Executive
Share Option
Neill Abrams Director Scheme 50,000 115
--------------- ---------- --------------- ------------------ ---------------
The Company was also notified on 13 May 2015 that both Directors
subsequently sold sufficient shares to cover the cost of the
exercise and the tax due. Tim Steiner sold 125,722 ordinary shares
(representing 0.02% of the Company's total issued share capital),
and Neill Abrams sold 31,431 ordinary shares (representing 0.005%
of the Company's total issued share capital), both at a price of
GBP3.8735 per ordinary share.
This resulted in Tim Steiner holding 74,278 additional ordinary
shares in the Company, and Neill Abrams holding 18,569 additional
ordinary shares in the Company.
As a result of these transactions, the direct and indirect
interests of Tim Steiner and Neill Abrams in the Company's ordinary
shares are:
Director Number of ordinary Percentage of issued
shares held share capital
-------------- ------------------- ---------------------
Tim Steiner 28,771,141 4.618%
-------------- ------------------- ---------------------
Neill Abrams 1,912,036 0.307%
-------------- ------------------- ---------------------
Following these transactions, neither Director holds options
under the Ocado 2001 Executive Share Option Scheme.
Notes:
(1) These shareholdings exclude any interests under the
Company's Joint Share Ownership Scheme, Long-Term Incentive Plan,
Sharesave and Growth Incentive Plan).
(2) The Company has issued ordinary shares of 2p each.
(3) The above transactions took place in the UK on 13 May 2015.
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
RDSUSAARVBAVAAR
Ocado (LSE:OCDO)
Historical Stock Chart
From Feb 2024 to Mar 2024
Ocado (LSE:OCDO)
Historical Stock Chart
From Mar 2023 to Mar 2024