Ocado Statement

RNS Number : 2901D

Ocado Group PLC

25 April 2013

 



OCADO GROUP PLC

25 April 2013

Ocado Group plc statement regarding share price movement

Ocado Group plc ("Ocado") notes today's share price movement and recent press speculation regarding the potential agreement with Wm. Morrison Supermarkets Plc ("Morrison").

On 14 March 2013, Ocado confirmed that it was in discussions with Morrison which may lead to an agreement to license certain of Ocado's existing and future intellectual property and operating knowledge for the purposes of Morrison commencing an online grocery business in the UK. Ocado confirms that the arrangements under discussion do not involve Morrison acquiring either the whole of, or an equity stake in, Ocado.

Discussions are ongoing, however, there can be no certainty that an agreement will be reached. A further announcement will be made in due course.

 

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