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Wm. Morrison Supermarkets plc : Ocado Group PLC

03/16/2013| 01:32am US/Eastern
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Morrison(Wm.)Supermarkets PLC

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RNS

Release date:  Thursday 14 March 2013  

Wm Morrison Supermarkets Plc

The Board of Wm. Morrison Plc ("Morrisons") notes the announcement made by Ocado Group PLC ("Ocado") this morning confirming that it is in discussions with Morrisons which may lead to an agreement to licence certain of Ocado's intellectual property and operating knowledge for the purpose of Morrison commencing an on line grocery business in the UK.

In its preliminary results statement for the year to 3 February 2013, released this morning, the Board of Morrison has announced its decision to enter the online grocery market and confirms that the matters under discussion with Ocado may form part of the implementation of the strategy for entering that market. Morrisons decision to enter the online grocery market is not dependent on the outcome of these discussions. There is no certainty that an agreement will be reached.

A further announcement will be made in due course.

ENDS

Enquiries:

Wm Morrison Supermarkets plc

Niall Addison - Investor Relations Director                                                 07764 624701

Media Relations

Wm Morrison Supermarkets plc           Richard Taylor                                  0845 611 6912

Citigate Dewe Rogerson:                      Simon Rigby                                      020 7638 9571

Kevin Smith                                       020 7282 1054


This information is provided by RNS
The company news service from the London Stock Exchange

RNS news service provided by Hemscott Group Limited.

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