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LONDON - Ocado Group (LON:OCDO) plc may engage in market stabilization activities following the offer of its GBP 5-year securities, according to a statement released today, Wednesday. BNP Paribas (OTC:BNPQY), acting as the Stabilisation Coordinator, has notified potential investors that the stabilization period is expected to commence today and last until no later than June 7, 2025.
The stabilization managers, including BNP Paribas, Barclays (LON:BARC), Deutsche Bank (ETR:DBKGn), Goldman Sachs, J.P. Morgan, and NatWest, have the option to over-allot securities in accordance with applicable laws. These actions are intended to support the market price of the securities during the stabilization period at levels above those that might otherwise prevail. However, there is no guarantee that stabilization will occur, and if initiated, it may be discontinued at any time.
Stabilization activities, if undertaken, will be conducted on the over-the-counter (OTC) market, and will be in compliance with all relevant regulations, specifically the Commission Delegated Regulation EU/2016/1052 under the Market Abuse Regulation (EU/596/2014).
The announcement clarifies that the offer and any stabilization measures are directed only at qualified investors outside the United Kingdom (TADAWUL:4280) or those within the UK who have professional experience in investment matters or are high net worth individuals as described in the Financial Services and Markets Act 2000.
Furthermore, the securities in question have not been and will not be registered under the United States Securities Act of 1933, and as such, they cannot be offered or sold within the United States absent an exemption from registration. There will be no public offering of these securities in the United States.
This information is based on a press release statement and serves to inform potential investors and the market of the possible stabilization actions related to Ocado Group plc’s securities offering. It is not an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities.
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