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Frasers Group plc announced an all-cash takeover offer for Accent Group Limited at A$0.65 per share on 15 June 2026. On 23 July 2026, Frasers' broker, Barrenjoey Markets Pty Limited, extended the Offer Period for this takeover to 30 September 2026, confirming no other terms had changed.
| Date | 23 Jul 2026 |
| Time | 07:00:03 |
| Category | Corporate updates |
| ID | 4757N |
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23 July 2026
FRASERS GROUP PLC
Update on offer for Accent
On 15 June 2026, Frasers Group plc (Frasers or the Company) announced an all-cash on-market takeover offer (the Offer) to acquire all of the fully paid ordinary shares that it does not hold in the issued share capital of Accent Group Limited (ASX: AX1) at a price of A$0.65 per Accent Share. The full terms of the Offer, together with the procedures for acceptance of the Offer, were set out in the Bidder's Statement issued by the Company on 15 June 2026.
Capitalised terms used in this announcement, unless otherwise defined, have the same meanings as set out in the Bidder's Statement.
On 23 July 2026, Barrenjoey Markets Pty Limited as Frasers' broker announced via the Australian Securities Exchange (ASX) that the Offer Period has been extended to close of trading on ASX (4:00pm, Sydney time) on 30 September 2026, unless further extended or withdrawn. No other terms of the Offer have changed.
Enquiries
Frasers Group plc
|
Christopher Wootton, Chief Financial Officer |
T. +44 344 245 9200 |
|
KBA PR |
T. +44 207 734 9995 |
|
Emma Reid, Company Secretary |
T. +44 344 245 9200 |