REG - Frasers Group PLC - Intention to make a mandatory offer for XXL ASA

FrasersAnnouncement

18/03/2025 11:00

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RNS Number : 1377B  Frasers Group PLC  18 March 2025

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THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR IMMEDIATE RELEASE

Date: 18 March 2025

 

FRASERS GROUP PLC

Intention to make a mandatory offer for XXL ASA

Reference is made to the announcement made by XXL ASA ("XXL") via the Oslo
Stock Exchange on 6 January 2025 regarding a fully underwritten rights issue
of new shares at NOK 10.00 per share (the "Rights Issue").

Following the completion of the Rights Issue and the registration of the share
capital increase in XXL, Frasers Group plc ("Frasers") will unconditionally
control 28,776,451 shares and the same number of votes in XXL and trigger an
obligation under the Norwegian Securities Trading Act to make a mandatory
offer for the remaining shares in XXL that it does not already own (the
"Mandatory Offer").

Frasers has this morning made an announcement via the Oslo Stock Exchange that
it intends to make the Mandatory Offer. A further announcement will be made in
due course.

The full announcement can be seen here
(https://newsweb.oslobors.no/message/641520) .

 

 

Frasers Group plc

 

 Robert Palmer, Company Secretary                      T. 0344 245 9200

 LEI: 213800JEGHHEAXIJDX34                             E. company.secretary@frasers.group (mailto:company.secretary@frasers.group)

 Chris Wootton, Chief Financial Officer                T. 0344 245 9200

                                                       E. financial@frasers.group

 Gary Thompson , Keith Bishop Associates, PR Advisors  T. 07881 952441

                                                       E. gary@kbapr.com

 

 

 

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