Ocado Group PLC Directors' Dealings
24 Julho 2024 - 2:22PM
RNS Regulatory News
RNS Number : 7306X
Ocado Group PLC
24 July 2024
DIRECTOR/PDMR NOTIFICATION
OCADO GROUP PLC
24 July 2024
Ocado Group plc
Director/PDMR Notification
Ocado Group plc (the "Company" or "Ocado") makes the following
announcement regarding a transaction in Ocado ordinary shares of 2
pence each ("Shares") carried out by one of its PDMRs. The Company
received notification on 24 July 2024 that Tim Steiner, Chief
Executive Officer, had agreed to delay the date of completion of
share sale contracts.
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1
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Details of the person discharging managerial
responsibilities/person closely associated
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a)
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Name
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Tim Steiner
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2
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Reason for the notification
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a)
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Position/status
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Chief Executive Officer
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b)
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Initial notification/
Amendment
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Initial notification
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3
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Details of the issuer, emission allowance market participant,
auction platform, auctioneer or auction monitor
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a)
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Name
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Ocado Group plc
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b)
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LEI
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213800LO8F61YB8MBC74
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4
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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
|
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a)
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Description of the financial
instrument, type of instrument
Identification code
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Ordinary shares of 2 pence each in
Ocado Group plc
ISIN GB00B3MBS747
|
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b)
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Nature of the transaction
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As described on page 238 of the
prospectus issued by the Company on 6 July 2010, on 21 June 2010
Tim Steiner entered into seven forward sale agreements, each in
connection with 2,000,000 Shares (the "Forward Sale Agreements"),
for the transfer of 14,000,000 Shares in aggregate held in his name
to his father, Nicolas Steiner, in consideration of £100 and 97
percent of the market value of the Shares on completion (which
amount may be paid over three years).
As previously reported on 17 May
2013, 13 May 2016, 2 June 2019, 20 May 2022 and 24 July 2023, the
parties agreed to delay the date of completion. As a result, the
first Forward Sale Agreement was extended to, and subsequently
completed on, 30 June 2020. The second Forward Sale Agreement was
extended to, and subsequently completed on, 30 June 2021. The
completion of the third and fourth Forward Sale Agreements were
extended to 24 July 2024. Each of the remaining three Forward Sale
Agreements were due to complete on 24 July 2025 or such other date
as the parties may agree.
By agreement dated 24 July 2024, Tim
Steiner and Nicolas Steiner have further agreed to extend the
completion date of the remaining Forward Sale Agreements as
follows:
The third Forward Sale Agreement is
extended to 24 July 2025 and the fourth
Forward Sale Agreement is extended to 24 July 2026.
The completion of each of the
remaining three Forward Sale Agreements is extended to 24 July
2026.
All other terms of the Forward Sale
Agreements remain unaltered.
There is no additional consideration
payable in respect of the agreements to delay
completion.
Tim Steiner retains a beneficial
interest in the transferring Shares until completion.
|
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c)
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Price(s) and volume(s)
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Price(s)
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Volume(s)
|
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£0.00
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10,000,000
|
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d)
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Aggregated information
- Aggregated
volume
-
Price
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Price
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Aggregated volume
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Aggregate total
|
|
£0.00
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10,000,000
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£0.00
|
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e)
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Date of the transaction
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24 July 2024
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f)
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Place of the transaction
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Outside of a regulated
market
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|
|
|
|
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| |
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:
Megan Barnes
Head of Secretariat
Ocado Group plc
Buildings One & Two Trident Place
Mosquito Way
Hatfield
Hertfordshire
AL10 9UL
Fax: +44 (0)1707 227997
email: company.secretary@ocado.com
Ocado Group plc LEI:
213800LO8F61YB8MBC74
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