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MySale Group Completes GBP2 Million Share Open Offer

Mon, 02nd Sep 2019 10:51

(Alliance News) - Online retailer MySale Group PLC on Monday said it has completed the previously announced GBP2.1 million open offer of 102.9 million shares at 2 pence per share.

London-listed shares in the company were down 10% at 2.61 pence each.

The share open offer is a part of a wider fundraising effort by the company to become debt-free and refocus on Australia and New Zealand retail marketplace.

In August, the company revealed details of a fundraising which included at least GBP10 million capital raise via a share placing and a further GBP2 million via open offer.

MySale, however, raised GBP11.2 million from share placing, with senior executives including outgoing Executive Vice-Chair Jamie Jackson and Chief Executive Carl Jackson participating in the share placing. Jackson has decided to step down after the company's next general meeting.

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26 Mar 2019 09:33

MySale Shares Dive On Sharply Widened First Half Loss, Revenue Drop

LONDON (Alliance News) - MySale Group PLC on Tuesday said earnings in the first half of its current financial year took a hit from changes in the Australian tax legislation for e-commerce import a

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19 Mar 2019 16:07

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8 Feb 2019 08:19

MySale swings to a loss after Aussie tax changes

(Sharecast News) - Online retailer MySale expects the first half of its trading year to result in a loss due to inventory issues and recent changes to Australian goods and services tax regulation.

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11 Dec 2018 10:50

WINNERS & LOSERS SUMMARY: MySale Discounted 50% After Profit Warning

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MySale plunges as Australian tax issues spark profit warning

(Sharecast News) - MySale Group's shares plummeted on Tuesday after the company warned that "challenging" conditions meant it now expected to record an interim underlying loss.

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11 Dec 2018 07:46

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LONDON (Alliance News) - Stock prices in London are seen opening higher on Tuesday amid weakness in the pound, which fell sharply on Monday after UK Prime Minister Theresa May cancelled a key vote

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3 Dec 2018 16:35

MySale Announcement On Chair Hiring Process Expected In Near Future

LONDON (Alliance News) - Online retailer MySale Group PLC said Monday that the process of appointing a new chairman is progressing well and an announcement in that regard should be expected in the

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26 Nov 2018 16:04

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9 Oct 2018 11:49

MySale Shares Slump On Continued Annual Loss And CFO Departure

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Mysale CFO exits as annual loss deepens

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20 Jan 2017 08:53

MySale's half-year earnings double as customer base expands

(ShareCast News) - Australian online retailer MySale Group's half-year earnings doubled after a surge in revenues as its company base expanded. The AIM-listed company said that having increased its guidance in November, it anticipates a full year out-turn in line with projections and is confident ab

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MySale Expects Earnings Ahead Of Expectations As Year Starts Well

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