REG - Ocado Group PLC - Intention to Redeem Senior Notes

OcadoAnnouncement

Yesterday 07:02

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RNS Number : 1939F  Ocado Group PLC  29 October 2025

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 - ocadogroup@headlandconsultancy.com, 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: company.secretary@ocado.com (mailto:company.secretary@ocado.com)

Ocado Group plc LEI: 213800LO8F61YB8MBC74

 

 

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