Ocado Group PLC 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 approved by shareholders. Under this plan, employees can purchase ordinary shares in the company at market value using deductions from their salary each month and receive allocations of matching ordinary shares.
The company disclosed the details of the transactions made by several PDMRs, including Tim Steiner, CEO; Mark Richardson, CEO of Ocado Intelligent Automation; Neill Abrams, Group General Counsel and Company Secretary; Stephen Daintith, Chief Financial Officer; and James Matthews. Each of them made monthly purchases of securities ("Partnership Shares") under the Share Incentive Plan on 15 March 2024, with the transactions taking place on the London Stock Exchange (XLON).
The transactions involved the purchase of ordinary shares in Ocado Group PLC, with the price per share ranging from 3.997 to 4.622 GBP and the aggregated volume of shares ranging from 32 to 38, resulting in aggregate totals ranging from 147.90 to 152.53 GBP.
These transactions reflect the PDMRs' participation in the company's SIP, demonstrating their commitment to the company and its long-term performance.