MySale Group PLC Cancellation of Listing (1400F)

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RNS Number : 1400F

MySale Group PLC

03 November 2022

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 THAT JURISDICTION.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 (MAR) as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR").

FOR IMMEDIATE RELEASE

3 November 2022

MYSALE Group plc

(the "Company", "MySale" or the "Group")

Mandatory Cash Offer Closed and Cancellation of Listing

The Board notes the announcement made on 2 November 2022 by Frasers Group plc (Frasers) stating that it owns or has received valid acceptances of the Mandatory Offer in respect of a total of 991,598,628 MySale Shares, representing approximately 95.35 per cent of MySale's existing issued share capital.

The mandatory cash offer for the entire issued and to be issued share capital of MySale closed at 1.00 p.m. on 1 November 2022 and is no longer capable of being accepted by MySale shareholders.

Cancellation of Listing

Following a request by Frasers, MySale has made an application for the cancellation of admission of its ordinary shares to trading on AIM ("Cancellation"). It is expected that such Cancellation will take effect on 1 December 2022, being 20 business days from the date of this announcement. Admission of MySale's ordinary shares to trading on AIM will be cancelled without the requirement for a resolution of shareholders approving such Cancellation, pursuant to Rule 41 of the AIM Rules.

Enquiries :

 
 MySale Group plc 
 Kalman Polak, Chief Executive Officer                                              [phone] 
 
 Singer Capital Markets (Rule 3 Financial Adviser, Nominated Adviser and Broker)    [phone] 
 Mark Taylor 
  Justin McKeegan 
  Oliver Platts 
 
 MHP Communications (Financial PR Adviser)                                          [phone] 
 Simon Hockridge                                                                     [e-mail] 
  Pete Lambie 
 

About MYSALE

MYSALE is an online off-price, retail platform offering a large, curated selection of branded fashion, beauty and homewares products through three core websites and associated mobile applications, including OZSALE.com.au, NZSALE.co.nz and SINGSALE.com.sg MYSALE provides a discovery-based online shopping experience for its customers. New sales events are offered daily with a curated selection of branded products at discounted prices, typically in limited quantities and for limited time periods, to seek to create excitement for customers. MYSALE's suppliers are offered a suite of inventory solutions to fulfil their demand for inventory management and increase customer awareness of their brands and products.

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November 03, 2022 03:00 ET (07:00 GMT)