Ocado Group PLC OCDO Result of Equity Issue

  Ocado Group PLC (OCDO) - Result of Equity Issue

RNS Number : 4885R
Ocado Group PLC
19 November 2012

                        DISTRIBUTION WOULD BE UNLAWFUL

                               Ocado Group plc
                  ("Ocado" or the "Group" or the "Company")

19 November 2012

                              Results of Placing

Ocado is pleased to announce the successful completion of the placing
announced earlier today (the "Placing").

A total of 55,875,557new ordinary shares of 2pence each (the "Placing
Shares") have been placed by Goldman Sachs International ("Goldman Sachs") and
Numis Securities Limited ("Numis") who are acting as joint bookrunners
(Goldman Sachs and Numis, together the "Joint Bookrunners") at a price of
64pence per Placing Share, raising gross proceeds of £35.8 million. The
Placing Shares being issued represent approximately 9.99 per cent. of the
issued ordinary share capital of the Company prior to Placing.

Application will be made to the Financial Services Authority for admission of
the Placing Shares to the premium listing segment of the Official List of the
UK Listing Authority and to the London Stock Exchange for admission to trading
of the Placing Shares on the London Stock Exchange's main market for listed
securities (together, the "Admission"). It is expected that the Admission will
take place no later than 8.00 a.m. on 26November 2012 and that dealings in
the Placing Shares on the London Stock Exchange's main market for listed
securities will commence at that time.

The Placing Shares, when issued, will be fully paid and will rank pari passu
in all respects with the existing ordinary shares of the Company including the
right to receive all dividends and other distributions declared, made or paid
after the date of issue.

For further information, please contact:

Ocado Group plc
Tim Steiner, Chief Executive Officer
Duncan Tatton-Brown, Chief Financial Officer
David Hardiman-Evans, Head of Investor Relations & Corporate Finance
+44 (0) 1707 228 000

Nick Miles / Ann-marie Wilkinson / Charlotte Kirkham, M:Communications
+44 (0) 20 7920 2331

Goldman Sachs International

Phil Raper
+44 (0) 20 7774 1000

Numis Securities Limited

Alex Ham
+44 (0) 20 7260 1000

This announcement is for information purposes only and shall not constitute an
offer to sell or issue or the solicitation of an offer to buy, subscribe or
acquire any securities, including Placing Shares, in any jurisdiction in which
any such offer or solicitation would be unlawful. The information contained
herein is restricted and is not for release, publication or distribution, in
whole or in part, directly or indirectly, in or into the United States,
Australia, Canada, Japan, South Africa or any other jurisdiction in which such
release, publication or distribution would be unlawful.

In particular, neither this announcement nor any part of it is for
distribution, directly or indirectly, in or into the United States (including
its territories and possessions, any State of the United States and the
District of Columbia). Neither this announcement nor any part of it
constitutes or forms a part of any offer or solicitation to purchase or
subscribe for securities in the United States, Canada, Australia, South Africa
or Japan. The Placing Shares have not been, and will not be, registered under
the United States Securities Act of 1933, as amended (the "Securities Act"),
and, subject to certain exceptions, may not be offered, sold, transferred or
delivered, directly or indirectly, in or into the United States except
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act.

All offers of the Placing Shares will be made pursuant to an exemption under
the Prospectus Directive from the requirement to produce a prospectus. This
announcement is being distributed to persons in the United Kingdom only in
circumstances in which section 21(1) of the Financial Services and Markets Act
2000, as amended ("FSMA") does not apply.

Certain statements made in this announcement are forward-looking statements.
Such statements are based on current expectations and assumptions and are
subject to a number of risks and uncertainties that could cause actual events
or results to differ materially from any expected future events or results
expressed or implied in these forward-looking statements. Persons receiving
this announcement should not place undue reliance on forward-looking
statements. Unless otherwise required by applicable law, regulation or
accounting standard, the Company does not undertake to update or revise any
forward-looking statements, whether as a result of new information, future
developments or otherwise.

No statement in this announcement is intended to be a profit forecast and no
statement in this announcement should be interpreted to mean that earnings per
share of the Company for the current or future financial years would
necessarily match or exceed the historical published earnings per share of the

The Joint Bookrunners, each of which is authorised and regulated in the United
Kingdom by the Financial Services Authority (the "FSA"), are acting for the
Company and for no one else in connection with the Placing and will not be
responsible to anyone other than the Company for providing the protections
afforded to their respective clients or for providing advice in relation to
the Placing or any other matter referred to in this announcement.

The distribution of this announcement and the offering of the Placing Shares
in certain jurisdictions may be restricted by law. No action has been taken by
the Company or the Joint Bookrunners that would permit an offering of such
shares or possession or distribution of this announcement or any other
offering or publicity material relating to such shares in any jurisdiction
where action for that purpose is required. Persons into whose possession this
announcement comes are required by the Company and the Joint Bookrunners to
inform themselves about, and to observe, such restrictions.

This announcement has been issued by, and is the sole responsibility of, the
Company. No representation or warranty, express or implied, is or will be made
as to, or in relation to, and no responsibility or liability is or will be
accepted by the Joint Bookrunners or by any of their respective affiliates or
agents as to, or in relation to, the accuracy or completeness of this
announcement or any other written or oral information made available to or
publicly available to any interested party or its advisers, and any
responsibility or liability therefor is expressly disclaimed.

The price of shares and the income from them may go down as well as up and
investors may not get back the full amount invested on disposal of the shares.
Past performance is no guide to future performance and persons needing advice
should consult an independent financial adviser.

                     This information is provided by RNS
           The company news service from the London Stock Exchange


ROIZMMMMVLVGZZM -0- Nov/19/2012 16:28 GMT
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