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ASOS equity issue not on the agenda - CEO

Wed, 19th Oct 2022 08:40

LONDON, Oct 19 (Reuters) - British online fashion retailer ASOS is not currently considering an equity issue, its boss said on Wednesday.

ASOS, whose shares have fallen 80% this year, has cash and committed facilities of over 650 million pounds ($734 million).

"We're not thinking about an equity issue...We think this is ample room to manoeuvre," chief executive José Antonio Ramos Calamonte told Reuters.

He also said he was not concerned by the threat of a takeover bid and was not obsessed with the company's share price. ($1 = 0.8861 pounds) (Reporting by James Davey; editing by Sarah Young)

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