Ocado Group PLC Letter of Credit Draw Down

RNS Number : 6814M

Ocado Group PLC

13 June 2025

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

 

Ocado Group Plc

13th June 2025

 

Ocado Group Plc

Letter of Credit Draw Down

 

Ocado Group plc ("Ocado") announces that it has today drawn down on a Letter of Credit for US$152m issued by the Bank of Nova Scotia.

The creation of the partnership between Ocado and The Kroger Co. ("Kroger") in 2018 included an arrangement for a Letter of Credit that would provide a capital contribution to Ocado in respect of its investment in the Kroger online business.

The Letter of Credit included a maturity date of seven years from the signing of the agreement. With the maturity date now reached, Ocado has drawn down on the Letter of Credit.

Ocado will release its FY25 Half Year Preliminary Results on 17th July.

Contacts 

Stephen Daintith, Chief Financial Officer on [phone] 

Nick Coulter, Capital Markets and FP&A Director on [phone] 

Jamie Kerr, Global Head of Communications on [phone] 

Lucy Legh, Headland Consultancy on [phone] ([e-mail])

 

Person responsible for arranging the release of this announcement:

 

Neill Abrams
Group General Counsel and Company Secretary

Ocado Group plc

Buildings One & Two, Trident Place, Mosquito Way,

Hatfield, Hertfordshire AL10 9UL

email: [e-mail]

 

Ocado Group plc LEI: 213800LO8F61YB8MBC74

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