Ocado Group PLC Completion of Acquisition (4195J)
22 December 2020 - 2:31AM
UK Regulatory
TIDMOCDO
RNS Number : 4195J
Ocado Group PLC
21 December 2020
COMPLETION OF ACQUISITION
OCADO GROUP PLC
21 December 2020
Ocado Group plc
Completion of Acquisition
Ocado Group plc ("Ocado"), the leading online grocery platform
and solutions provider, today announces that it has completed the
acquisition of Haddington Dynamics Inc. ("Haddington Dynamics")
following satisfaction of the closing conditions. This follows the
announcement of an agreement to acquire Haddington Dynamics (the
"Acquisition Agreement") made on 02 November 2020.
Contacts
-- Tim Steiner, Chief Executive Officer, Ocado Group plc, on 01707 228 000
-- David Shriver, Director of Communications, Ocado Group plc, on 01707 228 000
-- Martin Robinson, Tulchan Communications, on 020 7353 4200
About Haddington Dynamics
Haddington Dynamics is an advanced research and development
company based in Las Vegas that specialises in the design and
manufacture of low-cost, lightweight, highly dexterous, robotic
arms.
Detail on Equity Consideration
Ocado confirms that, pursuant to the terms of the Acquisition
Agreement, 560,954 ordinary shares of 2 pence each have been issued
to certain Haddington Dynamics shareholders, and are expected to be
admitted to the premium listing segment of the Official List
maintained by the Financial Conduct Authority and to trading on the
Main Market for listed securities of the London Stock Exchange at
8.00 a.m. on 22 December 2020.
This announcement is not an offer to sell, or a solicitation of
an offer to purchase, any securities. The securities referenced
above have been issued in private transactions pursuant to an
exemption from the registration requirements of the US Securities
Act of 1933 and may only be offered or sold pursuant to an
exemption from, or in a transaction not subject to, such
registration requirements.
Person responsible for arranging the release of this
announcement:
Neill Abrams
Company Secretary
Ocado Group plc
Buildings One & Two
Trident Place
Mosquito Way
Hatfield
Hertfordshire AL10 9UL
Fax: +44 (0)1707 227 997
email: company.secretary@ocado.com
Ocado Group plc LEI: 213800LO8F61YB8MBC74
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END
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