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XXL Xxl AS News Story

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Brief: XXL Says Rights Issue Oversubscribed By About 7.19%

March 17 (Reuters) - XXL ASA XXL.OL:

SAID ON SUNDAY ANNOUNCES FINAL RESULTS OF RIGHTS ISSUE

RIGHTS ISSUE WAS ACCORDINGLY OVERSUBSCRIBED BY ABOUT 7.19%

FRASERS GROUP HAS BEEN ALLOCATED 21,637,943 OFFER SHARES IN RIGHTS ISSUE, BRINGING FRASERS' HOLDING OF SHARES IN CO UP TO TOTAL OF 27,999,162 A SHARES FOLLOWING DELIVERY OF OFFER SHARES ALLOCATED TO THEM IN CONNECTION WITH RIGHTS ISSUE

FOLLOWING DELIVERY OF UNDERWRITING COMMISSION SHARES FRASERS WILL HOLD TOTAL OF 28,776,451 A SHARES, EQUAL TO ABOUT 40.83% OF VOTES IN CO AFTER COMPLETION OF RIGHTS ISSUE, SHARE CAPITAL INCREASE

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 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))

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