21st Jul 2010 07:02
Pre-stabilisation/pricing notice
21-July-2010
Not for distribution, directly or indirectly, in or into theUnited States or any jurisdiction in which such distribution would be unlawful.
Ocado Group plc Offering of 204,975,942 Ordinary Shares
Stabilisation Notice
Goldman Sachs International (contact: Dan Martin; telephone:0207 774 1000) hereby gives notice that the Stabilising Manager named below may stabilisethe offer of the following securities in accordance with Commission Regulation (EC)No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC).
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The securities: |
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Issuer: |
Ocado Group plc |
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Shares: |
Ordinary shares of the Issuer (ISIN No. GB00B3MBS747) |
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Offering size: |
204,975,942 Shares |
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Offer price: |
180 pence per Share |
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Stabilisation: |
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Stabilising Manager: |
Goldman Sachs International |
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Stabilisation period expected to start on: |
21-July-2010 |
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Stabilisation period expected to end no later than: |
19-August 2010 |
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Maximum size of over-allotment facility: |
18,131,750 Shares |
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Greenshoe Option: |
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Terms: |
UBS Holdings Cayman Limited has granted Goldman Sachs International,in its capacity as stabilisation manager and for the account of the underwriters,the option to acquire up to an additional 18,131,750 Shares |
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Duration: |
This option may be exercised in whole or in part on one ormore occasions at any time from 21-July-2010 to 19-August-2010 |
In connection with the offer of the above securities, the StabilisingManager may over-allot the securities or effect transactions with a view to supportingthe market price of the securities at a level higher than that which might otherwiseprevail. However, there is no assurance that the Stabilising Manager will take anystabilisation action and any stabilisation action, if begun, may be ended at anytime.
This announcement is for information purposes only and doesnot constitute an invitation or offer to underwrite, subscribe for or otherwise acquireor dispose of any securities of the Issuer in any jurisdiction.
This announcement and the offer of the securities to whichit relates are only addressed to and directed at persons outside the United Kingdomand persons in the United Kingdom who have professional experience in matters relatedto investments or who are high net worth persons within article 12(5) of the FinancialServices and Markets Act 2000 (Financial Promotion) Order 2005 and must not be actedon or relied on by other persons in the United Kingdom.
In addition, if and to the extent that this announcement iscommunicated in, or the offer of the securities to which it relates is made in, anyEEA Member State that has implemented Directive 2003/71/EC (together with any applicableimplementing measures in any Member State, the "Prospectus Directive") before thepublication of a prospectus in relation to the securities which has been approvedby the competent authority in that Member State in accordance with the ProspectusDirective (or which has been approved by a competent authority in another MemberState and notified to the competent authority in that Member State in accordancewith the Prospectus Directive), this announcement and the offer are only addressedto and directed at persons in that Member State who are qualified investors withinthe meaning of the Prospectus Directive (or who are other persons to whom the offermay lawfully be addressed) and must not be acted on or relied on by other personsin that Member State.
This announcement is not an offer of securities for sale intothe United States. The securities have not been, and will not be, registered underthe United States Securities Act of 1933 and may not be offered or sold in the UnitedStates absent registration or an exemption from registration. There will be no publicoffer of securities in the United States.
Related Shares:
Ocado