Remuneration Information • Mar 23, 2020
Remuneration Information
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RNS Number : 2614H
Ocado Group PLC
23 March 2020
DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC
23 March 2020
Ocado Group plc
Director/PDMR Notification
Ocado Group plc ("the Company") announces that it received a notification on 20 March 2020 in connection with its Directors' participation in the Ocado Long-Term Incentive Plan ("LTIP").
Notification is given relating to LTIP awards originally granted on 20 February 2017 and which vested on 19 March 2020 at 46.1% of the original award in accordance with the rules of the LTIP and the relevant performance criteria. Some of the shares were sold on 20 March 2020 to finance the associated tax and national insurance liabilities. No payment by the Executive Directors was required for the grant of the awards or issue of the shares on vesting. Details are as set out below.
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Tim Steiner | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Executive Officer | |||
| b) | Initial notification/ Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Ocado Group plc | |||
| b) | LEI | 213800LO8F61YB8MBC74 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 2 pence each in Ocado Group plc ISIN GB00B3MBS747 |
|||
| b) | Nature of the transaction | Tim Steiner participated in the Ocado Long-Term Incentive Plan. An award was made to Tim Steiner on 20 February 2017. On 19 March 2020, 208,778 shares of the original award vested. Of those shares, 98,323 were sold on 20 March 2020 to finance the associated tax and national insurance liabilities. |
|||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| £14.3289 | 98,323 | ||||
| d) | Aggregated information - Aggregated volume - Price |
Price | Aggregated volume | Aggregate total | |
| £14.3289 | 98,323 | £1,408,860.43 | |||
| e) | Date of the transaction | 20 March 2020 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Tim Steiner | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Executive Officer | |||
| b) | Initial notification/ Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Ocado Group plc | |||
| b) | LEI | 213800LO8F61YB8MBC74 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 2 pence each in Ocado Group plc ISIN GB00B3MBS747 |
|||
| b) | Nature of the transaction | Tim Steiner participated in the Ocado Long-Term Incentive Plan. An award was made to Tim Steiner on 20 February 2017. On 19 March 2020, 208,778 shares of the original award vested. Of those shares, 110,455 were transferred into Tim Steiner's name. |
|||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| £0.00 | 110,455 | ||||
| d) | Aggregated information - Aggregated volume - Price |
Price | Aggregated volume | Aggregate total | |
| £0.00 | 110,455 | £0.00 | |||
| e) | Date of the transaction | 20 March 2020 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Duncan Tatton-Brown | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Financial Officer | |||
| b) | Initial notification/ Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Ocado Group plc | |||
| b) | LEI | 213800LO8F61YB8MBC74 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 2 pence each in Ocado Group plc ISIN GB00B3MBS747 |
|||
| b) | Nature of the transaction | Duncan Tatton-Brown participated in the Ocado Long-Term Incentive Plan. An award was made to Duncan Tatton-Brown on 20 February 2017. On 19 March 2020, 96,797 shares of the original award vested. Of those shares, 45,586 were sold on 20 March 2020 to finance the associated tax and national insurance liabilities. |
|||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| £14.3289 | 45,586 | ||||
| d) | Aggregated information - Aggregated volume - Price |
Price | Aggregated volume | Aggregate total | |
| £14.3289 | 45,586 | £653,197.24 | |||
| e) | Date of the transaction | 20 March 2020 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Duncan Tatton-Brown | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Financial Officer | |||
| b) | Initial notification/ Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Ocado Group plc | |||
| b) | LEI | 213800LO8F61YB8MBC74 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 2 pence each in Ocado Group plc ISIN GB00B3MBS747 |
|||
| b) | Nature of the transaction | Duncan Tatton-Brown participated in the Ocado Long-Term Incentive Plan. An award was made to Duncan Tatton-Brown on 20 February 2017. On 19 March 2020, 96,797 shares of the original award vested. Of those shares, 51,211 were transferred into Duncan Tatton-Brown's name. |
|||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| £0.00 | 51,211 | ||||
| d) | Aggregated information - Aggregated volume - Price |
Price | Aggregated volume | Aggregate total | |
| £0.00 | 51,211 | £0.00 | |||
| e) | Date of the transaction | 20 March 2020 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Mark Richardson | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Operations Officer | |||
| b) | Initial notification/ Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Ocado Group plc | |||
| b) | LEI | 213800LO8F61YB8MBC74 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 2 pence each in Ocado Group plc ISIN GB00B3MBS747 |
|||
| b) | Nature of the transaction | Mark Richardson participated in the Ocado Long-Term Incentive Plan. An award was made to Mark Richardson on 20 February 2017. On 19 March 2020, 96,797 shares of the original award vested. Of those shares, 45,586 were sold on 20 March 2020 to finance the associated tax and national insurance liabilities. |
|||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| £14.3289 | 45,586 | ||||
| d) | Aggregated information - Aggregated volume - Price |
Price | Aggregated volume | Aggregate total | |
| £14.3289 | 45,586 | £653,197.24 | |||
| e) | Date of the transaction | 20 March 2020 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Mark Richardson | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Chief Operations Officer | |||
| b) | Initial notification/ Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Ocado Group plc | |||
| b) | LEI | 213800LO8F61YB8MBC74 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 2 pence each in Ocado Group plc ISIN GB00B3MBS747 |
|||
| b) | Nature of the transaction | Mark Richardson participated in the Ocado Long-Term Incentive Plan. An award was made to Mark Richardson on 20 February 2017. On 19 March 2020, 96,797 shares of the original award vested. Of those shares, 51,211 were transferred into Mark Richardson's name. |
|||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| £0.00 | 51,211 | ||||
| d) | Aggregated information - Aggregated volume - Price |
Price | Aggregated volume | Aggregate total | |
| £0.00 | 51,211 | £0.00 | |||
| e) | Date of the transaction | 20 March 2020 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Neill Abrams | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Group General Counsel and Company Secretary | |||
| b) | Initial notification/ Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Ocado Group plc | |||
| b) | LEI | 213800LO8F61YB8MBC74 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 2 pence each in Ocado Group plc ISIN GB00B3MBS747 |
|||
| b) | Nature of the transaction | Neill Abrams participated in the Ocado Long-Term Incentive Plan. An award was made to Neill Abrams on 20 February 2017. On 19 March 2020, 65,036 shares of the original award vested. Of those shares, 30,629 were sold on 20 March 2020 to finance the associated tax and national insurance liabilities. |
|||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| £14.3289 | 30,629 | ||||
| d) | Aggregated information - Aggregated volume - Price |
Price | Aggregated volume | Aggregate total | |
| £14.3289 | 30,629 | £438,879.88 | |||
| e) | Date of the transaction | 20 March 2020 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Neill Abrams | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | Group General Counsel and Company Secretary | |||
| b) | Initial notification/ Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Ocado Group plc | |||
| b) | LEI | 213800LO8F61YB8MBC74 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 2 pence each in Ocado Group plc ISIN GB00B3MBS747 |
|||
| b) | Nature of the transaction | Neill Abrams participated in the Ocado Long-Term Incentive Plan. An award was made to Neill Abrams on 20 February 2017. On 19 March 2020, 65,036 shares of the original award vested. Of those shares, 34,407 were transferred into Neill Abrams' name. |
|||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| £0.00 | 34,407 | ||||
| d) | Aggregated information - Aggregated volume - Price |
Price | Aggregated volume | Aggregate total | |
| £0.00 | 34,407 | £0.00 | |||
| e) | Date of the transaction | 20 March 2020 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Luke Jensen | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | CEO, Ocado Solutions | |||
| b) | Initial notification/ Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Ocado Group plc | |||
| b) | LEI | 213800LO8F61YB8MBC74 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 2 pence each in Ocado Group plc ISIN GB00B3MBS747 |
|||
| b) | Nature of the transaction | Luke Jensen participated in the Ocado Long-Term Incentive Plan. An award was made to Luke Jensen on 20 February 2017. On 19 March 2020, 95,386 shares of the original award vested. Of those shares, 44,922 were sold on 20 March 2020 to finance the associated tax and national insurance liabilities. |
|||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| £14.3289 | 44,922 | ||||
| d) | Aggregated information - Aggregated volume - Price |
Price | Aggregated volume | Aggregate total | |
| £14.3289 | 44,922 | £643,682.85 | |||
| e) | Date of the transaction | 20 March 2020 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||
| 1 | Details of the person discharging managerial responsibilities/person closely associated | ||||
| a) | Name | Luke Jensen | |||
| 2 | Reason for the notification | ||||
| a) | Position/status | CEO, Ocado Solutions | |||
| b) | Initial notification/ Amendment | Initial notification | |||
| 3 | Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor | ||||
| a) | Name | Ocado Group plc | |||
| b) | LEI | 213800LO8F61YB8MBC74 | |||
| 4 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted | ||||
| a) | Description of the financial instrument, type of instrument Identification code |
Ordinary shares of 2 pence each in Ocado Group plc ISIN GB00B3MBS747 |
|||
| b) | Nature of the transaction | Luke Jensen participated in the Ocado Long-Term Incentive Plan. An award was made to Luke Jensen on 20 February 2017. On 19 March 2020, 95,386 shares of the original award vested. Of those shares, 50,464 were transferred into Luke Jensen's name. |
|||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| £0.00 | 50,464 | ||||
| d) | Aggregated information - Aggregated volume - Price |
Price | Aggregated volume | Aggregate total | |
| £0.00 | 50,464 | £0.00 | |||
| e) | Date of the transaction | 20 March 2020 | |||
| f) | Place of the transaction | London Stock Exchange (XLON) | |||
The LTIP was approved by shareholders at the Company's Annual General Meeting on 10 May 2013.
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 1 December 2019, except as otherwise amended by a subsequent announcement.
This announcement is made in accordance with Article 19 of the Market Abuse Regulation and the Disclosure Guidance and Transparency Rules.
Person responsible for arranging the release of this announcement:
Robert Cooper
Deputy Company Secretary
Ocado Group plc
Buildings One & Two Trident Place
Mosquito Way
Hatfield
Hertfordshire
AL10 9UL
Fax: +44 (0)1707 227997
email: [email protected]
Ocado Group plc LEI: 213800LO8F61YB8MBC74
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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