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 42 partnership shares at a price of 3.573 GBP per share, with an aggregated total of 150.07 GBP. The transactions took place on the London Stock Exchange on 17 June 2024. The announcement is in compliance with Article 19 of the Market Abuse Regulation and the Disclosure Guidance and Transparency Rules.