Ocado Group PLC 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 and receive allocations of matching ordinary shares. The PDMRs who participated in the plan include Tim Steiner, CEO; Mark Richardson, CEO of Ocado Intelligent Automation; Stephen Daintith, CFO; and James Matthews, CEO of Ocado Technology.
Each of the PDMRs purchased Partnership Shares under the SIP, with the transactions taking place on the London Stock Exchange on 15 July 2024. The price per share was 3.800, and the aggregated volume for each PDMR was 39 shares, resulting in an aggregate total of 148.20 for each individual. These transactions were made in accordance with Article 19 of the Market Abuse Regulation and the Disclosure Guidance and Transparency Rules.
This notification provides transparency regarding the participation of the PDMRs in the SIP and their acquisition of ordinary shares in Ocado Group PLC.