30 Nov 2020 07:00
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 £50 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 LEI: 213800JEGHHEAXIJDX34
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T. 0344 245 9200 E. investor.relations@frasers.group |
Frasers Group (FRAS)