TIDMFOOT

RNS Number : 3768Q

Footasylum PLC

18 February 2019

18 February 2019

Footasylum plc

("Footasylum" or the "Company")

Acquisition of stake by JD Sports Fashion Plc

Footasylum, a UK-based fashion retailer focusing on the branded footwear and apparel markets, notes today's announcement that JD Sports Fashion Plc has acquired 8.3% of the issued share capital in Footasylum for investment purposes, and that it is prepared to acquire up to an aggregate interest of 29.9% of the Company.

Footasylum continues to operate its business as usual and remains focused on delivering its differentiated, product-led, multi-channel proposition.

Contacts:

 
 Footasylum plc                                         Tel: +44 (0) 1706 
  Nancy Kelsall (Company Secretary)                               746 777 
 GCA Altium Limited (Financial Adviser & Nominated   Tel: +44 (0) 20 7484 
  Adviser)                                                           4040 
  Phil Adams 
  Sam Fuller 
  Tim Richardson 
 Liberum Capital Limited (Broker)                    Tel: +44 (0) 20 3100 
  John Fishley                                                       2222 
  Andrew Godber 
 Powerscourt (Financial Public Relations)                Tel: +44 (0) 207 
  Rob Greening                                                   250 1446 
  Lisa Kavanagh 
  Isabelle Saber

Customer website: https://www.footasylum.com/

Investor website: http://investors.footasylum.com/

Notes to Editors:

Footasylum is a UK-based fashion retailer focusing on the branded footwear and apparel markets. The Company retails "on-trend" product ranges which are predominantly aimed at 16 to 24-year-old fashion-conscious consumers and are sourced from an extensive stable of third-party and own brands. These include well-known sports and casual footwear and apparel brands, as well as up-and-coming brands and own label products.

Examples of third-party brands include: adidas; Nike; The North Face; Gym King; Converse; New Balance; EA7; Vans; Nicce London; Under Armour; Tommy Hilfiger; and Calvin Klein. Examples of Footasylum's own brands include: Kings Will Dream and Alessandro Zavetti.

The Company operates a multi-channel model which combines a 70-strong store estate - in a variety of high street, mall and retail park locations in cities and towns throughout Great Britain - with a fast-growing online platform and a recently launched wholesale arm for distributing its own brand ranges via a network of partners.

Footasylum was founded in 2005 and the Company's ordinary shares were admitted to trading on AIM in November 2017.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

ACQTPMBTMBTBBLL

(END) Dow Jones Newswires

February 18, 2019 06:32 ET (11:32 GMT)

Footasylum (LSE:FOOT)
Historical Stock Chart
Von Nov 2024 bis Dez 2024 Click Here for more Footasylum Charts.
Footasylum (LSE:FOOT)
Historical Stock Chart
Von Dez 2023 bis Dez 2024 Click Here for more Footasylum Charts.