Brief: Frasers Group Intends To Launch Offer For All Of XXL ASA At Nok 10 A Share

Xxl AS

06/12/2024 07:26

Dec 6 (Reuters) - Frasers Group PLC  FRAS.L :
    * FRASERS GROUP PLC INTENDS TO LAUNCH A VOLUNTARY OFFER FOR
ALL OF
THE SHARES IN XXL ASA AT NOK 10 PER SHARE
    * FRASERS - FRASERS IS READY TO SUPPORT XXL
    * FRASERS - OFFER INCLUDES A TOTAL CONSIDERATION FOR ALL OF
SHARES
IN XXL OF ABOUT NOK 246.4 MILLION
    * FRASERS - WILLING TO CONSIGN UP TO NOK 500 MILLION OF
STOCK ON A
DELAYED PAYMENT BASIS
    * FRASERS - OPEN TO TALKS WITH XXL ALTERNATIVE MEANS OF
PROVIDING
LIQUIDITY

Source text:  ID:nObiLS1FBa 
Further company coverage:  FRAS.L 

 ((Reuters.Briefs@thomsonreuters.com;))