Business
Results of Placing
Results of Placing.
About this update from Ocado Group Plc
[{"type":"text","content":"\n \n\nRNS Number : 0952E Ocado Group PLC 06 February 2018 \n\n6 February 2018\nTHIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND SHALL NOT CONSTITUTE AN OFFER TO SELL OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY, SUBSCRIBE OR ACQUIRE ANY SECURITIES, INCLUDING PLACING SHARES, IN ANY JURISDICTION IN WHICH ANY SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION\n \nOCADO GROUP PLC\nResults of Placing\nOcado Group plc (\"Ocado\" or the \"Company\") is pleased to announce the successful completion of the placing announced earlier today (the \"Placing\").\nA total of 31,463,500 new ordinary shares in Ocado (the \"Placing Shares\") have been placed by Goldman Sachs International (\"Goldman Sachs\") and Numis Securities Limited (\"Numis\") who are acting as joint bookrunners (Goldman Sachs and Numis, together the \"Bookrunners\") at a price of 455 pence per Placing Share (the \"Placing Price\"), raising gross proceeds of £143,158,925. The Placing Shares being issued represent approximately 5% of the issued ordinary share capital of the Company prior to Placing. The issue price of the Placing represents a discount of 1.46% to the middle market price at the time that the Company and the Bookrunners agreed the Placing Price.\nThe Placing Shares will, when issued, be credited as fully paid and will be issued subject to the Company's articles of association and will rank pari passu in all respects with the existing issued ordinary shares in the capital of the Company, including the right to receive all dividends and other distributions declared, made or paid on or in respect of such shares by reference to a record date falling after their issue.\nThe Placing is conditional, among other things, upon Admission becoming effective. The Placing is also conditional upon the placing agreement between the Company and the Bookrunners not being terminated.\nAdmission\nApplications have been made for the Placing Shares to be admitted to the premium listing segm...