Secondary offerings often result in dilution of existing shares, which can lead to a decrease in stock price as the market absorbs the additional share supply. Given that Cazoo Group Ltd is directly involved in this offering, it is highly relevant to the company's stock. The importance is significant as it affects shareholder value, but not at the highest level as it depends on the market's perception of the company's growth prospects and use of proceeds. The confidence level is high due to the typical market reaction to secondary offerings, but not absolute as market conditions and investor sentiment can vary.