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London Stock Exchange welcomes ASOS plc to the Main Market

Posted: 22 February 2022

ASOS’ vision is to be the go-to destination for fashion-loving 20-somethings globally. We believe fashion thrives on individuality and are committed to providing a customer experience and product range that gives our customers the confidence to be whoever they want to be.

Through our mobile app and website, customers can shop a curated edit of almost 90,000 products, sourced from approximately 900 global and local partner brands, alongside a mix of fashion-led in-house labels including Topshop, Topman, Miss Selfridge, HIIT, ASOS DESIGN, ASOS EDITION, ASOS 4505 and Collusion.

Today, we have transitioned from AIM to the Main Market on the London Stock Exchange (LSE). Following the publication of our Prospectus and approval by the FCA and LSE, our ordinary shares have now ceased trading on AIM and have been admitted to the premium listing segment of the Main Market.

Over the last 22 years, we have demonstrated a proven track record, built a broad shareholder base, and adopted, applied and reported against the UK Corporate Governance Code for several years. 

Now we look forward to further enhancing our corporate profile and recognition, as well as extending the opportunity to own the Company’s ordinary shares to a broader group of global institutional shareholders.

Ian Dyson, Chairman of ASOS, said:

“ASOS has come a long way since it was founded in 2000 and this move to the Main Market is a real marker of our growth. On behalf of the Board, I would like to thank everyone who has contributed to ASOS’s development over the past 22 years.”

Mat Dunn, ASOS COO, said:

“ASOS has set out a clear plan to deliver on our ambitious growth strategy over the next three to four years and to deliver on the sizeable opportunities ahead for our business. Against this backdrop, the time is now right to move to the Main Market. I would like to take this opportunity to thank the teams who worked so hard over the past few months getting ready for today, and to all ASOSers for their ongoing dedication and commitment.”

Marcus Stuttard, Head of UK Primary Markets and AIM, London Stock Exchange plc, commented:

“Congratulations to ASOS on its move to the Premium Segment of the London Stock Exchange. ASOS’s journey on AIM and today’s move to the Main Market demonstrate the benefits of public markets and the role AIM plays in helping ambitious growth companies access the funding they need. London’s capital markets provide access to a network of investors and advisors that understand the needs of growing companies and can support them throughout their growth journey. We look forward to ensuring London continues to be a compelling capital raising venue, where companies like ASOS can thrive across all stages of their development.”

Advisors:

  • JPMorgan Cazenove
  • Slaughter and May
  • PricewaterhouseCoopers LLP
  • Deloitte LLP
  • Headland Consultancy
  • Ashurst LLP (legal adviser to JPMorgan Cazenove)