Ocado Announces Maximum Spend for Tender Offer
Why we think this is neutral
This RNS announcement provides details on the maximum spend amount for Ocado's tender offer for certain outstanding notes. As it does not contain any of the mandatory news types, I have assigned a neutral sentiment score.
Key Points
- Ocado announces maximum spend amount of £300 million for tender offer on certain outstanding notes
- Offers commenced on 29 April 2025 and will expire on 6 May 2025, with settlement expected on 9 May 2025
Summary
The retailer announces the maximum spend amount for its tender offer on certain outstanding notes.
Ocado Group plc has announced the maximum spend amount of £300 million in connection with its invitations to holders to tender certain notes for purchase in cash. The Offers commenced on 29 April 2025 and will expire on 6 May 2025, with settlement expected on 9 May 2025.
Key Dates
6 May 2025
Expiration of Tender Offer
9 May 2025
Settlement of Tender Offer
GENERAL UPDATE