Business
Retail Offer
Retail Offer.
About this update from Ocado Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 5899P\n Ocado Group PLC\n 10 June 2020\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, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION, RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL. \n \n \n FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \n \n THIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (\"FSMA\") AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 779021)\n \n \n For immediate release\n \n \n 10 June 2020\n \n \n \n \n \n OCADO GROUP PLC\n \n \n Retail Offer via PrimaryBid.com\n \n \n Retail Offer\n \n \n Ocado Group plc (\"Ocado\" or the \"Company\"), today announces a retail offer via PrimaryBid\n of new ordinary shares (the \"Retail Shares\") of \n 2 \n pence each in the capital of the Company (the \"Retail Offer\"). \n \n \n As separately announced today, the Company is conducting both a non-pre-emptive placing of new ordinary shares (the \"Placing Shares\") in the capital of the Company (the \"Placing\") through an accelerated bookbuilding process (the \"Bookbuilding Process\") and an issue of guaranteed senior unsecured convertible bonds due in 2027 (the \"Bonds\"). The price at which the Placing Shares are to be placed (the \"Placing Price\") will be determined at the close of the Bookbuilding Process. The final terms of the Bonds are expected to be announced later today. \n \n \n The issue price for the Retail Shares will be equal to the Placing Price.\n \n \n \n \n \n Reasons for the Retail Offer\n \n \n While the Placing has been structured as a non-pre-emptive offer within the Company's existing authorities from shareholders for non-pre-emptive offers so as to minimise cost, time to completion and use of management time Ocado values its retail investor base and wants to give those shareholders an opportunity to participate in the Placing, alongside other investors. \n \n \n After considerati...