LONDON - BNP Paribas (OTC:BNPQY), along with other stabilization managers, has announced that it did not undertake stabilization activities for Ocado Group (LON:OCDO) PLC’s recent securities offering. The offering, which closed with an aggregate nominal amount of 300 million GBP, was described as a 5-year offering at an offer price of 100.
The notice, dated today, follows a pre-stabilization period announcement on April 30, 2025, and clarifies that no stabilization was carried out. Stabilization measures are typically actions taken by underwriters to support the price of a security after its initial offering to prevent or retard a decline in its market price.
The consortium of stabilization managers included major financial institutions such as BNP Paribas, Barclays (LON:BARC), Deutsche Bank (ETR:DBKGn), Goldman Sachs, JP Morgan, and NatWest. The role of these managers would have been to engage in transactions that could support the market price of Ocado Group’s securities, but the announcement confirms that such measures were deemed unnecessary.
This announcement serves as an informational notice and is not intended as an offer or solicitation for the purchase or sale of Ocado Group’s securities. Additionally, it is specified that the securities have not been and will not be registered under the United States Securities Act of 1933. Consequently, the securities may not be offered or sold in the United States without registration or an exemption from such registration. Furthermore, there will not be a public offer of these securities in the United States.
Investors are reminded that this communication is based on a press release statement and should not be considered as an endorsement of Ocado Group PLC or its securities. The information provided is solely for the purpose of disclosing the details of the offering and the subsequent lack of stabilization activities.
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