Brief: XXL Says Fraser's Intended Offer Not Likely To Be Successful

Xxl AS

13/12/2024 07:02

Dec 13 (Reuters) - XXL ASA  XXL.OL :
    * FRASER GROUP PLC' INTENDED OFFER, UPDATE ON THE
ALTERNATIVE
RIGHTS ISSUE AND EGM NOTICE
    * BOARD IS OF VIEW THAT INTENDED OFFER, IF MADE, IS NOT
LIKELY TO
BE SUCCESSFUL
    * WILL CONTINUE TOWARDS IMPLEMENTATION OF ALTERNATIVE RIGHTS
ISSUE
    * TO CALL FOR AN EGM TO BE HELD ON  JAN7 2025 TO RESOLVE
THAT
ALTERNATIVE RIGHTS ISSUE SHALL BE IMPLEMENTED
    * SHAREHOLDERS REPRESENTING IN TOTAL 60.86% OF SHARES AND
51.77%
OF VOTES IN COMPANY HAVE UNDERTAKEN TO VOTE IN FAVOR OF
RESOLUTIONS
    * SECURED UNDERWRITING OF ALTERNATIVE RIGHTS ISSUE FOR
MAXIMUM
AMOUNT OF NOK 600 MILLION
    * AGREED WITH UNDERWRITERS SUBSCRIPTION PRICE IN ALTERNATIVE
RIGHTS ISSUE SHALL BE EQUAL TO A PRICE FOR SHARES IN XXL OF NOK
1.65 PER SHARE

Source text:  ID:nObihthhMa 
Further company coverage:  XXL.OL 

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