Ocado Group PLC Convertible Bond Offering - Closing of Offering (2482W)
09 Dicembre 2019 - 3:44PM
UK Regulatory
TIDMOCDO
RNS Number : 2482W
Ocado Group PLC
09 December 2019
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO THE
UNITED STATES OR IN OR INTO JAPAN, AUSTRALIA, SOUTH AFRICA OR ANY
OTHER JURISDICTION IN WHICH OFFERS OR SALES OF THE SECURITIES WOULD
BE PROHIBITED BY APPLICABLE LAW
Ocado Group plc
9 December 2019
Ocado Group plc - Convertible Bond Offering - Closing Of
Offering
Ocado Group plc (the "Company") is pleased to announce the
successful completion of the convertible bond offering announced on
the 2 December 2019 (the "Offering"). The Offering comprised of
GBP600 million of guaranteed senior unsecured Convertible Bonds due
2025 (the "Bonds").
The net proceeds of the issue of the Bonds will be used to fund
capital expenditure in relation to Ocado Solutions' commitments and
general corporate purposes. The Offering enables the Company to
diversify its funding sources and capitalize on attractive issuance
conditions.
The London and Amsterdam Trust Company Limited currently holds,
on behalf of certain connected persons, 10% or more of the ordinary
share capital of the Company and for the purposes of UK Listing
Rule 11 is classified as a related party of Ocado Group. As part of
the Offering, Rovida Asset Management Limited, being one of those
persons connected with The London & Amsterdam Trust Company
Limited, has subscribed for GBP80 million of the Bonds at par. This
transaction is classified as a smaller related party transaction
under LR 11.1.10R(1) and is disclosed in accordance with LR
11.1.10R(2)(c).
Person responsible for arranging release of this
announcement:
Neill Abrams
Company Secretary
Ocado Group plc
Buildings One & Two
Trident Place
Mosquito Way
Hatfield
Hertfordshire AL10 9UL
Fax: +44 (0)1707 227 997
email: company.secretary@ocado.com
LEI: 213800LO8F61YB8MBC74
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END
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December 09, 2019 09:44 ET (14:44 GMT)
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