Stabilisation Notice

RNS Number : 6663P

Ocado Group PLC

21 July 2010

 



Pre-stabilisation/pricing notice

21-July-2010

Not for distribution, directly or indirectly, in or into the United 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: [phone]) hereby gives notice that the Stabilising Manager named below may stabilise the offer of the following securities in accordance with Commission Regulation (EC) No. 2273/2003 implementing the Market Abuse Directive (2003/6/EC).

The securities:
Issuer:	Ocado Group plc
Shares:	Ordinary shares of the Issuer (ISIN No. GB00B3MBS747)
Offering size:	204,975,942 Shares
Offer price:	180 pence per Share
Stabilisation:
Stabilising Manager:	Goldman Sachs International
Stabilisation period expected to start on:	21-July-2010
Stabilisation period expected to end no later than:	19-August 2010
Maximum size of over-allotment facility:	18,131,750 Shares
Greenshoe Option:
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
Duration:	This option may be exercised in whole or in part on one or more occasions at any time from 21-July-2010 to 19-August-2010

In connection with the offer of the above securities, the Stabilising Manager may over-allot the securities or effect transactions with a view to supporting the market price of the securities at a level higher than that which might otherwise prevail. However, there is no assurance that the Stabilising Manager will take any stabilisation action and any stabilisation action, if begun, may be ended at any time.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

In addition, if and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State that has implemented Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the "Prospectus Directive") before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with the Prospectus Directive (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Directive), this announcement and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Directive (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in that Member State.

This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration.  There will be no public offer of securities in the United States.

 

END

 

 

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