TIDMOCDO

RNS Number : 1787F

Ocado Group PLC

25 July 2016

 
 
 
 
 
 TR-1: NOTIFICATION OF MAJOR INTEREST IN SHARES(i) 
-------------------------------------------------- 
 
 
 
 1. Identity of the issuer or                                           OCADO Group PLC 
  the underlying issuer 
  of existing shares to which 
  voting rights are 
  attached: (ii) 
-------------------------------------------------------------  --------------------------------- 
 2 Reason for the notification (please tick the appropriate 
  box or boxes): 
------------------------------------------------------------------------------------------------ 
 An acquisition or disposal of voting rights 
----------------------------------------------------------------  ------------------------------ 
 An acquisition or disposal of qualifying financial 
  instruments which may result in the acquisition 
  of shares already issued to which voting rights 
  are attached 
----------------------------------------------------------------  ------------------------------ 
 An acquisition or disposal of instruments with                                  x 
  similar economic effect to qualifying financial 
  instruments 
----------------------------------------------------------------  ------------------------------ 
 An event changing the breakdown of voting rights 
----------------------------------------------------------------  ------------------------------ 
 Other (please 
  specify): 
---------------------------------------------------------  -----  ------------------------------ 
 3. Full name of person(s)                                      Morgan Stanley (Institutional 
  subject to the                                                  Securities Group and Global 
  notification obligation:                                            Wealth Management) 
  (iii) 
-----------------------------------------------------------  ----------------------------------- 
 4. Full name of shareholder(s) 
  (if different from 3.):(iv) 
-----------------------------------------------------------  ----------------------------------- 
 5. Date of the transaction                                               21.07.2016 
  and date on 
  which the threshold is 
  crossed or 
  reached: (v) 
-----------------------------------------------------------  ----------------------------------- 
 6. Date on which issuer                                                  25.07.2016 
  notified: 
-----------------------------------------------------------  ----------------------------------- 
 7. Threshold(s) that is/are                                                 8%* 
  crossed or 
  reached: (vi, vii) 
-----------------------------------------------------------  ----------------------------------- 
 
 
 
 8. Notified details: 
----------------------------------------------------------------------------------------------------------------------- 
 A: Voting rights attached to shares (viii, ix) 
----------------------------------------------------------------------------------------------------------------------- 
 Class/type     Situation previous               Resulting situation after the 
  of             to the triggering                triggering transaction 
  shares         transaction 
 
  if possible 
  using 
  the ISIN 
  CODE 
-------------  -------------------------------  ----------------------------------------------------------------------- 
                Number            Number         Number             Number of                     % of voting 
                 of                of             of shares          voting                        rights (x) 
                 Shares            Voting                            rights 
                                   Rights 
-------------  ----------------  -------------  -----------------  ----------------------------  ---------------------- 
                                                 Direct             Direct         Indirect       Direct     Indirect 
                                                                     (xi)          (xii) 
-------------    ------------    -----------    -----------------  -------------  -------------  ---------  ----------- 
 GB00B3MBS747   1,255,973         1,255,973      410,339            410,339                       0.07% 
               ----------------  -------------  -----------------  -------------  -------------  ---------  ----------- 
 
 
 B: Qualifying Financial Instruments 
----------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------- 
 Type of          Expiration                   Exercise/          Number of voting     % of voting 
 financial         date (xiii)                  Conversion         rights that          rights 
 instrument                                     Period (xiv)       may be 
                                                                   acquired if 
                                                                   the 
                                                                   instrument 
                                                                   is 
                                                                   exercised/ 
                                                                   converted. 
---------------  ---------------------------  -----------------  -------------------  --------------------------------- 
 Right of 
 recall 
 over 
 securities 
 lending 
 agreements                  N/A                     N/A               23,525,624                   3.74% 
---------------  ---------------------------  -----------------  -------------------  --------------------------------- 
 
 C: Financial Instruments with similar economic effect 
  to Qualifying Financial Instruments (xv, xvi) 
----------------------------------------------------------------------------------------------------------------------- 
 Resulting situation after the triggering transaction 
----------------------------------------------------------------------------------------------------------------------- 
 Type of        Exercise        Expiration     Exercise/        Number of voting     % of voting 
  financial     price           date           Conversion        rights instrument    rights (xix, 
  instrument                    (xvii)         period            refers to            xx) 
                                               (xviii) 
-------------  --------------  -------------  ---------------  -------------------  ----------------------------------- 
                                                                                       Nominal             Delta 
-------------  --------------  -------------  ---------------  -------------------  -------------  -------------------- 
 Equity Swap         N/A         01.11.2016         N/A              166,609             N/A               0.03% 
-------------  --------------  -------------  ---------------  -------------------  -------------  -------------------- 
 Equity Swap         N/A         15.12.2016         N/A             3,553,922            N/A               0.57% 
-------------  --------------  -------------  ---------------  -------------------  -------------  -------------------- 
 Equity Swap         N/A         06.02.2017         N/A              127,383             N/A               0.02% 
-------------  --------------  -------------  ---------------  -------------------  -------------  -------------------- 
 Equity Swap         N/A         17.03.2017         N/A             2,886,234            N/A               0.46% 
-------------  --------------  -------------  ---------------  -------------------  -------------  -------------------- 
 Equity Swap         N/A         30.03.2017         N/A              600,000             N/A               0.10% 
-------------  --------------  -------------  ---------------  -------------------  -------------  -------------------- 
 Equity Swap         N/A         11.09.2017         N/A             6,730,000            N/A               1.07% 
-------------  --------------  -------------  ---------------  -------------------  -------------  -------------------- 
 Equity Swap         N/A         04.01.2018         N/A             2,865,367            N/A               0.46% 
-------------  --------------  -------------  ---------------  -------------------  -------------  -------------------- 
 Equity Swap         N/A         08.01.2018         N/A             4,839,565            N/A               0.77% 
-------------  --------------  -------------  ---------------  -------------------  -------------  -------------------- 
 Equity Swap         N/A         22.01.2018         N/A             5,206,651            N/A               0.83% 
-------------  --------------  -------------  ---------------  -------------------  -------------  -------------------- 
 Equity Swap         N/A         12.02.2018         N/A             4,051,722            N/A               0.64% 
-------------  --------------  -------------  ---------------  -------------------  -------------  -------------------- 
 Equity Swap         N/A         29.06.2018         N/A              452,500             N/A               0.07% 
-------------  --------------  -------------  ---------------  -------------------  -------------  -------------------- 
 Total (A+B+C) 
----------------------------------------------------------------------------------------------------------------------- 
 Number of voting rights                                        Percentage of voting rights 
-------------------------------------------------------------  -------------------------------------------------------- 
  55,415,916                                                    8.82% 
-------------------------------------------------------------  -------------------------------------------------------- 
 
 
 
 9. Chain of controlled undertakings through which the 
  voting rights and/or the 
  financial instruments are effectively held, if applicable: 
  (xxi) 
------------------------------------------------------------------------------------------------ 
 Morgan Stanley & Co. LLC, c/o The Corporation Trust 
  Company (DE), Corporation Trust Center, 1209 Orange 
  Street, Wilmington, Delaware, 19801, USA. is a direct 
  holder of 23,927,792 voting rights (3.81%) and is a 
  subsidiary of Morgan Stanley Domestic Holdings, Inc. 
 
  Morgan Stanley Capital Services LLC, c/o The Corporation 
  Trust Company (DE), Corporation Trust Center, 1209 Orange 
  Street, Wilmington, Delaware, 19801, USA. is a direct 
  holder of 31,479,953 voting rights (5.01%) and is a 
  subsidiary of Morgan Stanley Domestic Holdings, Inc. 
 
  Morgan Stanley Domestic Holdings, Inc., c/o The Corporation 
  Trust Company (DE), Corporation Trust Center, 1209 Orange 
  Street, Wilmington, Delaware, 19801, USA. is an indirect 
  holder of 
  55,415,916 voting rights (8.82%) and is a subsidiary 
  of Morgan Stanley Capital Management, LLC 
 
  Morgan Stanley Capital Management, LLC, c/o The Corporation 
  Trust Company (DE), Corporation Trust Center, 1209 Orange 
  Street, Wilmington, Delaware, 19801, USA. is an indirect 
  holder of 55,415,916 voting rights (8.82%) and is a 
  subsidiary of Morgan Stanley 
 
 Proxy Voting: 
------------------------------------------------------------------------------------------------ 
 10. Name of the proxy holder:                             N/A 
--------------------------------------------------------  -------------------------------------- 
 11. Number of voting rights proxy                         N/A 
  holder will cease 
  to hold: 
--------------------------------------------------------  -------------------------------------- 
 12. Date on which proxy holder will                       N/A 
  cease to hold 
  voting rights: 
--------------------------------------------------------  -------------------------------------- 
 
                                                           Of the total voting rights 
  13. Additional information:                               attached to shares in Section 
                                                            8A, 402,168 (0.06%) of these 
                                                            are the result of a stock 
                                                            borrowing agreement. 
 
                                                            Morgan Stanley's total holding 
                                                            in OCADO Group PLC remains 
                                                            above the 8% threshold previously 
                                                            disclosed however, this notification 
                                                            is being made on the basis 
                                                            that Morgan Stanley Capital 
                                                            Services LLC, a wholly owned 
                                                            subsidiary of Morgan Stanley, 
                                                            has crossed a relevant threshold 
                                                            in its own right. 
--------------------------------------------------------  -------------------------------------- 
 14. Contact name:                                         Craig Horsley 
--------------------------------------------------------  -------------------------------------- 
 15. Contact telephone number:                             +44 141 245-7736 
--------------------------------------------------------  -------------------------------------- 
 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

HOLBLGDRLSDBGLU

(END) Dow Jones Newswires

July 25, 2016 12:48 ET (16:48 GMT)

Ocado (LSE:OCDO)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Ocado Charts.
Ocado (LSE:OCDO)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Ocado Charts.