Remuneration Information • Mar 25, 2020
Remuneration Information
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RNS Number : 5354H
Ocado Group PLC
25 March 2020
DIRECTOR/PDMR SHAREHOLDING
OCADO GROUP PLC
25 March 2020
Ocado Group plc
Director/PDMR Notification
Ocado Group plc ("the Company") announces that it had notification from five Executive Directors (the "Directors"), in connection with their participation in the Ocado Annual Incentive Plan ("AIP").
On 20 March 2020, the Ocado Directors were granted awards under the AIP in the form of nil-cost Options (the "Award") over such ordinary shares of 2 pence each in the Company.
The AIP was approved by Shareholders at the Company's Annual General Meeting on 1 May 2019. The AIP Award is the first such award to be made under the AIP.
No payment is required for the grant of the AIP Award, or issue of the shares on vesting. For these AIP Awards, the number of shares was determined based on a price of 1446.785 pence per share, being the middle market quotation of the Company's ordinary shares on 19 March 2020.
A summary of the principal terms of the AIP are set out in the Notice of the Annual General Meeting dated 5 February 2019.
Details of the Award 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 | Grant of a nil-cost option, subject to the rules of the AIP. 50% of the AIP achieved in the financial year ended 1 December 2019 is deferred into shares for three years and is also subject to a two-year holding period on vesting. |
|||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| £0.00 | 37,107 | ||||
| d) | Aggregated information - Aggregated volume - Price |
Price | Aggregated volume | Aggregate total | |
| £0.00 | 37,107 | £0.00 | |||
| e) | Date of the transaction | 20 March 2020 | |||
| f) | Place of the transaction | Outside a regulated market | |||
| 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 | Grant of a nil-cost option, subject to the rules of the AIP. 50% of the AIP achieved in the financial year ended 1 December 2019 is deferred into shares for three years and is also subject to a two-year holding period on vesting. |
|||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| £0.00 | 17,632 | ||||
| d) | Aggregated information - Aggregated volume - Price |
Price | Aggregated volume | Aggregate total | |
| £0.00 | 17,632 | £0.00 | |||
| e) | Date of the transaction | 20 March 2020 | |||
| f) | Place of the transaction | Outside a regulated market | |||
| 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 | Grant of a nil-cost option, subject to the rules of the AIP. 50% of the AIP achieved in the financial year ended 1 December 2019 is deferred into shares for three years and is also subject to a two-year holding period on vesting. |
|||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| £0.00 | 17,163 | ||||
| d) | Aggregated information - Aggregated volume - Price |
Price | Aggregated volume | Aggregate total | |
| £0.00 | 17,163 | £0.00 | |||
| e) | Date of the transaction | 20 March 2020 | |||
| f) | Place of the transaction | Outside a regulated market | |||
| 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 | Grant of a nil-cost option, subject to the rules of the AIP. 50% of the AIP achieved in the financial year ended 1 December 2019 is deferred into shares for three years and is also subject to a two-year holding period on vesting. |
|||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| £0.00 | 15,940 | ||||
| d) | Aggregated information - Aggregated volume - Price |
Price | Aggregated volume | Aggregate total | |
| £0.00 | 15,940 | £0.00 | |||
| e) | Date of the transaction | 20 March 2020 | |||
| f) | Place of the transaction | Outside a regulated market | |||
| 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 | Grant of a nil-cost option, subject to the rules of the AIP. 50% of the AIP achieved in the financial year ended 1 December 2019 is deferred into shares for three years and is also subject to a two-year holding period on vesting. |
|||
| c) | Price(s) and volume(s) | Price(s) | Volume(s) | ||
| £0.00 | 18,249 | ||||
| d) | Aggregated information - Aggregated volume - Price |
Price | Aggregated volume | Aggregate total | |
| £0.00 | 18,249 | £0.00 | |||
| e) | Date of the transaction | 20 March 2020 | |||
| f) | Place of the transaction | Outside a regulated market | |||
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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