UK fashion retailer ASOS raises 247 million sterling in placing
Reuters
Published Apr 08, 2020 07:24
LONDON (Reuters) - British online fashion retailer ASOS (LON:ASOS) Plc said it had raised 247 million pounds via a placing, to help it shore up its finances in case of a prolonged business downturn from the coronavirus pandemic.
ASOS, which said on Tuesday it was planning the equity raising, said on Wednesday it had placed 15.8 million new shares at a price of 15.60 pounds per share, equivalent to 18.8% of its ordinary share capital prior to the placing.
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Written By: Reuters
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