TIDMOCDO

RNS Number : 6001C

Ocado Group PLC

16 October 2015

DIRECTOR/PDMR SHAREHOLDING

OCADO GROUP PLC

16 October 2015

Ocado Group plc

Director/PDMR Notification

Ocado Group plc ("the Company") makes the following announcement pursuant to the FCA's Disclosure Rules and Transparency Rules 3.1.2R, on 15 October 2015, in connection with 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 GBP3.321 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 of    Number of  Total shares     Total SIP 
                                         Partnership   Matching                 holding to-date 
                                           Shares       Shares 
                    Chief Executive 
 Tim Steiner         Officer                 45           6           51             2864 
                   -------------------  ------------  ---------  ------------  ---------------- 
 Duncan             Chief Financial 
  Tatton-Brown       Officer                 45           6           51             2818 
                   -------------------  ------------  ---------  ------------  ---------------- 
                    Operations 
 Mark Richardson     Director                45           6           51             2868 
                   -------------------  ------------  ---------  ------------  ---------------- 
                    Legal & Business 
 Neill Abrams        Affairs Director        45           6           51             2524 
                   -------------------  ------------  ---------  ------------  ---------------- 
 

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 Ordinary   Percentage of 
                            Shares held       issued share 
                                                capital 
 Tim Steiner                28,772,998           4.6% 
                       -------------------  -------------- 
 Duncan Tatton-Brown         161,244             0.03% 
                       -------------------  -------------- 
 Mark Richardson              3,473            0.00055% 
                       -------------------  -------------- 
 Neill Abrams               1,913,777            0.31% 
                       -------------------  -------------- 
 

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 15 October 2015 and the Company/the Directors being notified on 15 October 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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October 16, 2015 13:15 ET (17:15 GMT)

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