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Frasers has published a letter in which it urged MySale shareholders who have not yet accepted the mandatory offer to do so “as soon as possible” so as to be received or settled by no later than 1.00pm on 1 November 2022.
It comes after Frasers announced that, as at 5:00pm on 30 September 2022, it had received valid acceptances of the mandatory offer in respect of a total of 1,175,688 MySale Shares, representing approximately 0.12 per cent.
On September 26 the company made its mandatory offer, and since that date has acquired 100,000,000 MySale shares from Jackson Family Capital Pty Limited, acquired 62,145,385 MySale shares from Jamie Jackson, swapped its interest in contracts for difference into 1,400,000 MySale shares, and acquired 13,161,748 MySale shares by means of market or other purchases.
In addition, Frasers said it has agreed to purchase a further 1,000,000 MySale shares from others in the market.
The company warned that “any cancellation of the admission of the MySale Shares to trading on AIM would significantly reduce the liquidity and marketability of any MySale Shares in respect of which the mandatory offer has not been accepted at that time and the value of any such MySale Shares may be adversely affected as a consequence”.
