THIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF OCADO GROUP PLC. PLEASE SEE THE IMPORTANT NOTICE BELOW.
OCADO GROUP PLC
Intention to Redeem Senior Notes
Ocado Group plc ("Ocado") announces that it has provided notice to HSBC Corporate Trustee Company (UK) Limited, as trustee, and HSBC Bank plc, as paying agent, under the indenture, dated as of 8 October 2021 (the "Indenture"), governing Ocado's 3.875% Senior Notes due 2026 (the "Notes") of its intention to redeem all of the outstanding Notes.
A notice of redemption will be sent to the holders of the Notes in accordance with the requirements of the Indenture. Pursuant to the terms of the Indenture, the Notes will be redeemed at a redemption price equal to 100.0% of the principal amount of the Notes redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. The anticipated redemption date is 10 November 2025.
This announcement does not constitute a notice of redemption under the Indenture nor an offer to tender for, or purchase, any Notes or any other security.
Contacts
Stephen Daintith, Chief Financial Officer on +44 (0)1707 228 000
Nick Coulter, VP of Group Capital Markets and FP&A, on +44 (0)1707 228 000
Jamie Kerr, Director of Communications, on +44 1707 228 000
Lucy Legh, Headland Consultancy - [email protected], on +44 (0) 20 3805 4822
Further information about Ocado is available on its website at www.ocadogroup.com.
Important Notice
Certain statements made in this announcement are forward-looking statements. Such statements are based on current expectations and assumptions and are subject to a number of risks and uncertainties that could cause actual events or results to differ materially from any expected future events or results expressed or implied in these forward-looking statements. Persons receiving this announcement should not place undue reliance on forward-looking statements. Unless otherwise required by applicable law, regulation or accounting standard, Ocado does not undertake to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.
Announcement Information
Person responsible for arranging 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
Fax: +44 (0)1707 227 997
email: [email protected]
Ocado Group plc LEI: 213800LO8F61YB8MBC74
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