Business
Retail Offer via PrimaryBid
Retail Offer via PrimaryBid.
About this update from Ocado Group Plc
[{"type":"text","content":"\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 \n \n \n \n \n \n \n FURTHER, THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND IS NOT AN OFFER OF SECURITIES IN ANY JURISDICTION.\n \n \n \n \n \n \n \n \n \n THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.\n \n \n \n \n \n \n \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 \n \n \n \n \n \n \n For immediate release\n \n \n \n \n 20\n \n \n June 2022\n \n \n \n \n Ocado Group plc\n \n \n \n \n \n \n \n \n \n Retail Offer via PrimaryBid\n \n \n \n \n \n \n \n \n \n Retail Offer\n \n \n \n \n \n \n \n \n Ocado Group plc (\"Ocado Group\" or the \"Company\"), today announces a retail offer via PrimaryBid\n of new ordinary shares (the \"Retail Shares\") of 2\n pence each in the capital of the Company (the \"Retail Offer\").\n \n \n \n \n \n As separately announced today, the Company is conducting a non-pre-emptive placing of new ordinary shares (the \"Placing Shares\") in the capital of the Company (the \"Placing\") through an accelerated bookbuild process (the \"Bookbuild\"). The price at which the Placing Shares are to be placed (the \"Placing Price\") will be determined at the close of the Bookbuild.\n \n \n \n \n \n In conjunction with the Placing, certain directors of the Company and members of the senior management team intend to subscribe for new ordinary shares in the capital of the Company (the \"Subscription Shares\") pursuant to direct subscriptions with the Company (the \"Subscription\") at the Placing Price.\n \n \n \n \n \n The issue price for the Retail Shares, as well as for the Subscription Shares, will be equal to the Placing Price.\n \n \n \n \n \n \n \n \n Reasons for the Retail Offer\n \n \n \n \n \n \n While the Placing has bee...