Completion of arrangements with Morrisons

RNS Number : 1872K

Ocado Group PLC

25 July 2013

 



25 July 2013

Ocado Group plc

Completion of arrangements with Wm Morrison Supermarkets plc

On 17 May 2013, Ocado Group plc ("Ocado") announced that it had entered into certain arrangements with Wm Morrison Supermarkets plc ("Morrisons") to sell to and lease-back from Morrisons the Dordon Customer Fulfilment Centre and a 50% interest in the related assets, and to provide certain technology, logistics and distribution services to enable Morrisons to launch and develop its own online grocery business (the "Arrangements").  Details of the Arrangements are set out in Ocado's circular to shareholders ("Circular") published on 2 July 2013. 

Ocado's shareholders voted in favour of the Arrangements at the General Meeting on Thursday 18 July 2013.

Ocado is pleased to announce that completion (as described in the Circular) of the Arrangements occurred on 25 July 2013.

Enquiries:

Ocado Group plc

Duncan Tatton-Brown, Chief Financial Officer on 01707 228 000

David Hardiman-Evans, Head of IR & Corporate Finance on 01707 228 000

Michelle Shearly, Public Relations Manager on 01707 382 274

Tulchan Communications

Andrew Grant, David Shriver, Katharine Wynne at Tulchan Communications on 020 7353 4200

 

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