Business
Replacement: Results of Capital Raise
Replacement: Results of Capital Raise.
About this update from Ocado Group Plc
[{"type":"text","content":"\n \n \n This is a correction to the Results of Capital Raise announcement published at 07:11 on 21 June 2022 (RNS Number: 5581P) which contained an error in the number of shares placed with and gross proceeds raised from Baillie Gifford. The original announcement erroneously stated that 12,578,616 shares had been placed with Baillie Gifford, raising gross proceeds of approximately £99,999,997. This should have been 11,100,000 shares placed, raising gross proceeds of approximately £88,245,000.\n \n \n All other details remain unchanged.\n \n \n The full corrected announcement is provided below.\n \n \n \n \n \n THIS ANNOUNCEMENT AND THE INFORMATION IN IT, IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION, DISTRIBUTION OR FORWARDING, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE PROHIBITED BY APPLICABLE LAW.\n \n \n \n \n \n \n \n THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \n \n \n \n \n For immediate release\n \n \n \n \n \n OCADO GROUP PLC\n \n \n \n \n \n 20\n June 2022\n \n \n \n \n \n Results of Capital Raise\n \n \n \n \n \n \n \n \n \n \n Ocado Group plc (\"Ocado Group\" or the \"Company\") is pleased to announce the successful completion of the placing announced today (the \"Placing\") as well as the concurrent offer made by the Company for retail investors to subscribe for ordinary shares of 2 pence each (\"Ordinary Shares\") via the PrimaryBid platform (the \"Retail Offer\") and the Subscription (as defined below) (together the \"Capital Raise\").\n \n \n \n \n \n In conjunction with the Placing, certain members of the senior management team, including the Group CEO and CFO have agreed to subscribe for new ordinary shares in the capital of the Company pursuant to subscription letters entered into with the Company (the \"Subscription\").\n \n \n \n \n \n Ocado Group has placed\n 72,327,044\n Placing Shares raising proceeds of approximately £575m, in conjunction with\n 246,405\n Retail Offer Shares to certain retail investors (including a significant number of existing Ocado retail shareh...