Ocado Group PLC has released a statement regarding its total voting rights as of 29th February 2024. The company has 828,678,228 issued ordinary shares of 2 pence each admitted to trading, with each share carrying the right to one vote in all circumstances at general meetings. Notably, the company does not hold any ordinary shares in treasury, resulting in total voting rights of 828,678,228.
Of the issued ordinary shares, 2,572,897 shares are held by Solium Trustee (UK) Limited, and 536,438 shares are held by Wealth Nominees Limited, and 9,917,035 shares are held by Winterflood Client Nominees Limited, all on behalf of Ocorian Limited, the independent trustee of Ocado's Employee Benefit Trust. The EBT Trustee has waived its right to exercise voting rights and receive dividends in respect of 9,917,035 ordinary shares, although it may vote in respect of 536,438 ordinary shares at the request of a participant. The total of 10,453,473 ordinary shares held by the EBT Trustee are treated as treasury shares in the group's consolidated balance sheet.
Excluding the 10,453,473 ordinary shares held by the EBT Trustee, Ocado has shares in issue with aggregate voting rights of 818,224,755. The total voting rights figure of 828,678,228 may be used by shareholders and others with notification obligations as the denominator for the calculations to determine 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.
Megan Barnes, Head of Secretariat at Ocado Group PLC, is responsible for arranging the release of this announcement. For further details, individuals can visit the company's website.