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IN BRIEF: Ocado says GBP703 million of notes tendered in offer

7th Aug 2024 20:04

Ocado Group PLC - Hatfield, England-based online grocer and technology licensor - Announces results of invitation to holders of 0.875% guaranteed senior unsecured convertible bonds due 2025 and 3.875% guaranteed senior unsecured notes due 2026. Says GBP427.2 million validly tendered for 2025 bonds, with a purchase price of GBP276.3 million for 2026 notes, so GBP703.5 million in total. The purchase price for both is 93%, so the total purchase consideration is GBP654.3 million.

Current stock price: 392.88 pence

12-month change: down 54%

By Eric Cunha, Alliance News news editor

Comments and questions to [email protected]

Copyright 2024 Alliance News Ltd. All Rights Reserved.


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