TIDMASC

RNS Number : 0178D

ASOS PLC

17 October 2022

15 October 2022

ASOS Plc

Response to media reporting

ASOS Plc ("the Company") notes recent media reporting and confirms that it is in the final stages of agreeing an amendment to the future financial covenants in its Revolving Credit Facility, which matures in July 2024. This action will give ASOS significantly increased financial flexibility, against the uncertain economic backdrop. ASOS retains a strong liquidity position and this is a prudent step in the current environment.

This announcement includes inside information.

The perso n responsible for arranging the release of this announcement on behalf of ASOS is Anna Suchopar, General Counsel and Company Secretary.

For further information:

 
 ASOS Plc                                           Tel: 020 7756 1000 
 José Antonio Ramos Calamonte, Chief 
  Executive Officer 
  Mathew Dunn, Chief Operating Officer & Chief 
  Financial Officer 
  Katy Mecklenburgh, Director of Group Finance 
  Taryn Rosekilly, Director of Investor Relations 
  Katja Hall, Director of Corporate Affairs 
  Website: www.asosplc.com/investors 
 
 
   Headland Consultancy                               Tel: 020 3805 4822 
 Susanna Voyle / Stephen Malthouse 
 
 
   JPMorgan Cazenove 
                                                      Tel: 020 7742 4000 
 Bill Hutchings / Will Vanderspar 
 
 
   Numis Securities                                   Tel: 020 7260 1000 
 Alex Ham / Jonathan Wilcox / Tom Jacob 
 
  Berenberg                                           Tel: 020 3207 7800 
  Michelle Wilson / Jen Clarke

Background note

ASOS is a destination for fashion-loving 20-somethings around the world, with a purpose to give its customers the confidence to be whoever they want to be. Through its app and mobile/desktop web experience, available in ten languages and in over 200 markets, ASOS customers can shop a curated edit of over 100,000 products, sourced from nearly 900 global and local third-party brands alongside a mix of fashion-led own-brand labels - ASOS Design, ASOS Edition, ASOS 4505, Collusion, Reclaimed Vintage, Topshop, Topman, Miss Selfridge and HIIT. ASOS aims to give all of its customers a truly frictionless experience, with an ever-greater number of different payment methods and hundreds of local delivery and return options, including Next-Day Delivery and Same-Day Delivery, dispatched from state-of-the-art fulfilment centres in the UK, US and Germany.

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END

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(END) Dow Jones Newswires

October 17, 2022 02:00 ET (06:00 GMT)

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