Ocado Group PLC

Director's Dealing • Apr 11, 2018

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RNS Number : 6359K

Ocado Group PLC

11 April 2018

DIRECTOR/PDMR SHAREHOLDING

OCADO GROUP PLC

11 April 2018

Ocado Group plc 

Director/PDMR Notification

Ocado Group plc (the "Company") announces that it has received notification of the release of a security interest over the ordinary shares in the Company held by Linic Ltd, a company wholly owned by Arthur Seligman, as trustee of the Steiner 2008 Millennium Trust, of which Tim Steiner, Ocado's Chief Executive Officer, is one of a number of discretionary beneficiaries. As announced on 28 November 2016, the security interest was granted in connection with a loan taken out for the purposes of settling obligations under a divorce judgment that was made by an order of court. The loan has been repaid and consequently the security interest has been released. There is no change in beneficial ownership of the shares.

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Linic Ltd
2	Reason for the notification
a)	Position/status	Person closely associated with Tim Steiner, 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	Release of a security interest over 9,791,200 ordinary shares in the Company.
c)	Price(s) and volume(s)	Price(s)		Volume(s)
£0.00		9,791,200
d)	Aggregated information -     Aggregated volume -     Price	Price	Aggregated volume		Aggregate total
£0.00	9,791,200		£0.00
e)	Date of the transaction	11 April 2018
f)	Place of the transaction	London Stock Exchange (XLON)

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:

Neill Abrams

Company Secretary

Ocado Group plc

Buildings One & Two

Trident Place

Mosquito Way

Hatfield

Hertfordshire AL10 9UL

Fax: +44 (0)1707 227 997

email: company.secretary@ocado.com 

Ocado Group plc LEI: 213800LO8F61YB8MBC74

This information is provided by RNS

The company news service from the London Stock Exchange

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