Takeover Offer for Accent Group Limited

Frasers

Today 07:00

RNS Number : 2775I
  
Frasers Group PLC
  
15 June 2026
  
 


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION
15 June 2026
FRASERS GROUP PLC
Takeover offer for Accent
Frasers Group plc (Frasers or the Company) has announced via the Australian Securities Exchange (ASX) an all-cash on-market takeover offer (the Offer) to acquire all of the fully paid ordinary shares (the Accent Shares) that it does not hold in the issued share capital of Accent Group Limited (ASX: AX1) (Accent) at a price of A$0.65 per Accent Share (the Offer Price). The full announcement can be seen here: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03100076-2A1677329&v=undefined.
Based on the number of Accent Shares currently in issue, Frasers holds 22.90% of the fully paid ordinary shares in the issued capital of Accent. The aggregate consideration pursuant to the Offer for the Accent Shares which are not already held by Frasers is approximately A$316 million (approximately £166 million).
A copy of the bidder's statement in relation to the Offer (the Bidder's Statement) has been lodged with the Australian Securities and Investments Commission and served on Accent. The Offer will be made in accordance with the terms set forth in the Bidder's Statement. There are no conditions attached to the Offer.
The Offer will officially commence at the start of trading on ASX on 30 June 2026 and will end at the close of trading on ASX on 30 July 2026 (the Offer Period), unless the Offer is withdrawn or the Offer Period is extended.
Barrenjoey Markets Pty Limited has been appointed as Frasers' broker and will stand in the market to acquire on behalf of Frasers all Accent Shares offered at the Offer Price during normal trading on ASX or Cboe Australia (being the financial market operated by Cboe Global Markets, Inc. and Cboe Australia Pty Ltd) on and from 15 June 2026 (Australian time).  Accordingly, Accent shareholders can sell their Accent Shares to Frasers at the Offer Price on-market before the commencement of the Offer Period and be paid in cash two trading days after their sale of Accent Shares.
Further information on the Offer is set out in the Bidder's Statement, which is available through this link: https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03100080-2A1677336&v=undefined.
Further announcements will be made as and when appropriate.
RPC is acting as English law adviser to Frasers, with Lander & Rogers providing Australian law advice.
Enquiries
Frasers Group plc




Christopher Wootton, Chief Financial Officer


T. +44 344 245 9200

E. financial@frasers.group




KBA PR

Keith Bishop


T. +44 207 734 9995

E. frasers@keithbishop.com  




Emma Reid, Company Secretary

LEI: 213800JEGHHEAXIJDX34


T. +44 344 245 9200

E. company.secretary@frasers.group




 




This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
  END
 
 
OFFMZGMVGKGGVZG