TIDMFRAS

Frasers Group PLC

30 November 2020

30 November 2020

FRASERS GROUP PLC

("Frasers Group" or the "Company")

Arcadia Group Limited (the "Arcadia Group")

Frasers Group notes recent press reports concerning the potential provision of emergency funding by the Company to the Arcadia Group.

The Company can confirm that it has made an offer and provided draft terms to the Arcadia Group for a loan of up to GBP50 million and is now awaiting a substantive response.

Should the Company and the Arcadia Group's efforts to agree an emergency funding package fail and the Arcadia Group enter into administration, the Company would be interested in participating in any sale process.

 
 Frasers Group plc 
  Tom Piper, Company Secretary     T. 0344 245 9200 
  LEI: 213800JEGHHEAXIJDX34        E. investor.relations@frasers.group 
 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. 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.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAWPGBWGUPUUQU

(END) Dow Jones Newswires

November 30, 2020 02:00 ET (07:00 GMT)

Sports Direct (LSE:SPD)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Sports Direct Charts.
Sports Direct (LSE:SPD)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Sports Direct Charts.