Ocado Group PLC has announced the participation of its PDMRs (Persons Discharging Managerial Responsibilities) 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 transactions were conducted on the London Stock Exchange (XLON) on 15 January 2024.
The Chief Executive Officer, Tim Steiner, purchased 23 ordinary shares at a price of 6.522 GBP per share, with a total aggregate value of 150.01 GBP. Mark Richardson, CEO of Ocado Intelligent Automation, also acquired 23 ordinary shares at the same price and aggregate value. Neill Abrams, Group General Counsel and Company Secretary, and Stephen Daintith, Chief Financial Officer, each purchased 23 ordinary shares at 6.522 GBP per share, with a total aggregate value of 150.01 GBP.
These transactions are part of the monthly purchase of securities ("Partnership Shares") under the Share Incentive Plan. The SIP is an HMRC approved scheme that was approved by shareholders at the Company's Annual General Meeting. The announcement provides transparency regarding the shareholding activities of the company's key personnel, aligning with regulatory requirements and demonstrating their commitment to the company's growth and success.