Ocado Group PLC — Capital/Financing Update 2025

Jun 13, 2025

National Storage Mechanism | Additional information

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 +44 1707 228 000 

Nick Coulter, Capital Markets and FP&A Director on +44 1707 228 000 

Jamie Kerr, Global Head of Communications on +44 1707 228 000 

Lucy Legh, Headland Consultancy on +44 (0) 20 3805 4822 ([email protected])

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: [email protected]

Ocado Group plc LEI: 213800LO8F61YB8MBC74

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