Business
Letter of Credit Draw Down
Letter of Credit Draw Down.
About this update from Ocado Group Plc
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION Ocado Group Plc 13th June 2025 Ocado Group Plc Letter of Credit Draw Down Ocado Group plc ("Ocado") announces that it has today drawn down on a Letter of Credit for US$152m issued by the Bank of Nova Scotia. The creation of the partnership between Ocado and The Kroger Co. ("Kroger") in 2018 included an arrangement for a Letter of Credit that would provide a capital contribution to Ocado in respect of its investment in the Kroger online business. The Letter of Credit included a maturity date of seven years from the signing of the agreement. With the maturity date now reached, Ocado has drawn down on the Letter of Credit. Ocado will release its FY25 Half Year Preliminary Results on 17th July. Contacts Stephen Daintith, Chief Financial Officer on +44 1707 228 000 Nick Coulter, Capital Markets and FP&A Director on +44 1707 228 000 Jamie Kerr, Global Head of Communications on +44 1707 228 000 Lucy Legh, Headland Consultancy on +44 (0) 20 3805 4822 ([email protected]) Person responsible for arranging the release of this announcement: Neill Abrams Group General Counsel and Company Secretary Ocado Group plc Buildings One & Two, Trident Place, Mosquito Way, Hatfield, Hertfordshire AL10 9UL email: [email protected] Ocado Group plc LEI: 213800LO8F61YB8MBC74