Ocado Group (GB:OCDO) has released an update.
Ocado Group plc has announced the participation of its Persons Discharging Managerial Responsibilities (PDMRs) in its Share Incentive Plan (SIP), where employees can buy company shares at market value with salary deductions and receive matching shares. Key executives, including the CEO and CFO, have made monthly purchases of these ‘Partnership Shares’, which were conducted on the London Stock Exchange. This move aligns management’s interests with those of the shareholders and is compliant with market abuse regulations.
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