REG - Ocado Group PLC - Letter of Credit Draw Down

OcadoAnnouncement

13/06/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250613:nRSM6814Ma&default-theme=true

RNS Number : 6814M  Ocado Group PLC  13 June 2025

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
(ocadogroup@headlandconsultancy.com)

 

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: company.secretary@ocado.com (mailto:company.secretary@ocado.com)

 

Ocado Group plc LEI: 213800LO8F61YB8MBC74

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCUUSKRVKUNAAR