Ocado Group plc has announced its total voting rights as of 30 November 2023. The company has 828,423,796 issued ordinary shares of 2 pence each admitted to trading, with each share carrying the right to one vote at general meetings. There are no ordinary shares held in treasury.
Of the issued ordinary shares, 2,694,893 shares are held by Solium Trustee (UK) Limited, the trustee for the company's employee Share Incentive Plan, and must be voted at the request of a participant. Additionally, 563,738 shares are held by Wealth Nominees Limited, and 9,917,035 shares are held by Winterflood Client Nominees Limited, both on behalf of Ocorian Limited, the independent trustee of Ocado's Employee Benefit Trust (EBT Trustee). The EBT Trustee has waived its right to exercise voting rights and receive dividends for 9,917,035 ordinary shares, but may vote in respect of 563,738 ordinary shares that have vested under the joint share ownership scheme and remain in the trust, at the request of a participant. The 10,480,773 ordinary shares held by the EBT Trustee are treated as treasury shares in the group's consolidated balance sheet.
The total voting rights figure of 828,423,796 may be used by shareholders and others with notification obligations as the denominator for calculating whether they are required to notify their interest in, or a change to their interest in, Ocado under the FCA's Disclosure Guidance and Transparency Rules. Excluding the 10,480,773 ordinary shares held by the EBT Trustee, Ocado has shares in issue with aggregate voting rights of 817,943,023.