6 Aug 2019 15:35
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION.
6 August 2019
MySale Group plc
("MySale", the "Company" or the "Group")
Response to share price movement
On 24 June 2019, MySale, a leading international online retailer, announced that the board of the Company had decided to commence a review of the Group's options with a view to maximising value for its stakeholders (the "Strategic Review").
Further, MySale notes the recent movement in the Company's share price and confirms that it continues to assess a number of options, including raising additional capital to support the ongoing working capital requirements of the Group, reducing the Group's debt and the sale of certain parts of the Group, as previously disclosed. The Company continues to remain within its banking facilities and discussions with the bank are ongoing as to the future financing of the Company.
Whilst there is no certainty as to the exact outcome of the Strategic Review, the Company will update the market in due course.
Enquiries:
MySale Group plc | |
Carl Jackson, Chief Executive Officer | +61 (0) 414 817 843 |
Graeme Burns, Investor Relations | +44 (0) 777 585 4516 |
N+1 Singer (Nominated Adviser and Broker) | +44 (0) 20 7496 3000 |
Mark Taylor James White | |
MHP Communications (Financial PR Adviser) | +44 (0) 20 3128 8570 |
Simon Hockridge Giles Robinson Pete Lambie |
The information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.