Business
Issue of Equity
Issue of Equity.
About this update from Asos Plc
[{"type":"text","content":"\n\nTHIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF THE MARKET ABUSE REGULATION (EU) 596/2014 WHICH FORMS PART OF DOMESTIC UK LAW PURSUANT TO THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (\"UK MAR\").\nTHIS ANNOUNCEMENT IS FOR INFORMATIONAL PURPOSES ONLY, AND DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER OR INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF ASOS PLC.\nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN OR INTO, OR TO ANY PERSON LOCATED OR RESIDENT IN, THE UNITED STATES, AUSTRALIA, CANADA, SOUTH AFRICA, JAPAN OR ANY JURISDICTION WHERE IT IS UNLAWFUL TO RELEASE, PUBLISH OR DISTRIBUTE THIS ANNOUNCEMENT.\nTHIS ANNOUNCEMENT AMOUNTS TO A FINANCIAL PROMOTION FOR THE PURPOSES OF SECTION 21 OF THE FINANCIAL SERVICES AND MARKETS ACT 2000 (\"FSMA\") AND HAS BEEN APPROVED BY PRIMARYBID LIMITED WHICH IS AUTHORISED AND REGULATED BY THE FINANCIAL CONDUCT AUTHORITY (FRN 779021).\n \nFor immediate release\n25 May 2023\n \nASOS plc\n(\"ASOS\" or the \"Company\")\nRetail Offer via PrimaryBid\nASOS, the global online fashion platform, today announces a conditional retail offer of new ordinary shares in the capital of the Company (the \"Retail Offer Shares\") via PrimaryBid (the \"Retail Offer\") at an issue price of 418.1 pence per Retail Offer Share (the \"Issue Price\"), representing the closing price of the shares on 25 May 2023.\nAs separately announced today, the Company is also conducting a fully underwritten non-pre-emptive placing of new ordinary shares (the \"Placing Shares\") at the Issue Price through an accelerated bookbuilding process (the \"Placing\"). The price at which the Placing Shares are to be placed is equal to the Issue Price for the Retail Offer.\nReason for the Retail Offer\nThe Company values its retail investor base and is therefore pleased to provide retail investors with the opportunity to participate in the Retail Offer alongside other investors in line with the Pre-emption Group guidelines. After consideration of the various options available to it, the Company believes that the separate Retail Offer, which will give retail investors the opportunity to participate in the Company's equity fundraising alongside the Placing, is in the best interests of shareholders, as well as wide...