REG - ASOS PLC - Response to media reporting

ASOSAnnouncement

17/10/2022 07:00

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RNS Number : 0178D  ASOS PLC  17 October 2022

15 October 2022

 

ASOS Plc

Response to media reporting

 

ASOS Plc ("the Company") notes recent media reporting and confirms that it is
in the final stages of agreeing an amendment to the future financial covenants
in its Revolving Credit Facility, which matures in July 2024. This action will
give ASOS significantly increased financial flexibility, against the uncertain
economic backdrop. ASOS retains a strong liquidity position and this is a
prudent step in the current environment.

 

This announcement includes inside information.

 

The person responsible for arranging the release of this announcement on
behalf of ASOS is Anna Suchopar, General Counsel and Company Secretary.

 

 

For further information:

 ASOS                                                                                                                                                      Tel: 020 7756 1000
 Plc
 José Antonio Ramos Calamonte, Chief Executive Officer

 Mathew Dunn, Chief Operating Officer & Chief Financial Officer

 Katy Mecklenburgh, Director of Group Finance

 Taryn Rosekilly, Director of Investor Relations

 Katja Hall, Director of Corporate Affairs

 Website: www.asosplc.com/investors

 Headland Consultancy                                                                                                                                      Tel: 020 3805 4822
 Susanna Voyle / Stephen Malthouse

 JPMorgan Cazenove

                                                                                                                                                           Tel: 020 7742 4000
 Bill Hutchings / Will Vanderspar

 Numis Securities                                                                                                                                          Tel: 020 7260 1000
 Alex Ham / Jonathan Wilcox / Tom Jacob

 Berenberg                                                                                                                                                 Tel: 020 3207 7800

 Michelle Wilson / Jen Clarke

 

Background note

ASOS is a destination for fashion-loving 20-somethings around the world, with
a purpose to give its customers the confidence to be whoever they want to be.
Through its app and mobile/desktop web experience, available in ten languages
and in over 200 markets, ASOS customers can shop a curated edit of over
100,000 products, sourced from nearly 900 global and local third-party brands
alongside a mix of fashion-led own-brand labels - ASOS Design, ASOS Edition,
ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge and
HIIT. ASOS aims to give all of its customers a truly frictionless experience,
with an ever-greater number of different payment methods and hundreds of local
delivery and return options, including Next-Day Delivery and Same-Day
Delivery, dispatched from state-of-the-art fulfilment centres in the UK, US
and Germany.

 

 

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