Ocado Group PLC has announced that its PDMRs (Persons Discharging Managerial Responsibilities) have participated in The Ocado Share Incentive Plan (SIP). The SIP is a tax-advantaged all-employee share scheme that allows employees to purchase ordinary shares in the company at market value using deductions from their salary each month and receive allocations of matching ordinary shares.
The announcement includes details of the transactions made by several PDMRs, including Tim Steiner, CEO; Mark Richardson, CEO of Ocado Intelligent Automation; Stephen Daintith, Chief Financial Officer; and James Matthews, CEO of Ocado Technology. Each of them purchased 40 Partnership Shares at a price of 3.775, with an aggregated total of 151.00, on the London Stock Exchange (XLON) on 15 August 2024.
This notification is in compliance with Article 19 of the Market Abuse Regulation and the Disclosure Guidance and Transparency Rules.