Frasers Group plc said it intends to make the mandatory offer for XXL ASA. The Group noted that a further announcement will be made in due course.
On 6 January 2025, a fully underwritten rights issue of new shares was announced by XXL ASA. Following the completion of the Rights Issue and the registration of the share capital increase in XXL, Frasers Group plc will unconditionally control 28,776,451 shares and the same number of votes in XXL and trigger an obligation under the Norwegian Securities Trading Act to make a mandatory offer for the remaining shares in XXL that it does not already own.
For comments and feedback contact: editorial@rttnews.com
Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.