Irrevocable commitments from Jackson Family Capital Pty Limited and Jamie Jackson to sell their shares

  • Frasers Group makes mandatory cash offer for Australian online fashion discounter MySale
  • Offer price set at 2p per MySale share
  • Jackson Family Capital Pty Limited and Jamie Jackson commit to sell their shares
  • Frasers already holds 29% stake in MySale after previous acquisition

Frasers Group has made a mandatory cash offer for the entire issued and to be issued share capital of Australian online fashion discounter MySale at a price of 2p per MySale share. The group now holds 481,276,224 MySale shares, representing 48.5% of the voting rights of MySale, including shares from former chairman Carl Jackson. Frasers Group had previously acquired 270,666,650 MySale shares at 2p per share on June 29th, making it the largest shareholder with a 29% stake in the business. The offer price will not be increased unless there is an announcement or possible offer from a third party.

Factuality Level: 10
Factuality Justification: The article provides accurate information about Frasers Group’s mandatory cash offer for MySale shares, including details on the number of shares involved and the price per share. It also mentions previous acquisitions by Frasers and their reasoning behind the offer. The article is focused on the main topic without any digressions or irrelevant information.
Noise Level: 3
Noise Justification: The article provides relevant information about Frasers Group’s mandatory cash offer for MySale shares and the irrevocable commitments received from various parties. It also mentions the previous acquisition by Frasers and their reasoning behind the offer price. However, it lacks analysis or exploration of long-term trends or consequences of the decision on those involved.
Financial Relevance: Yes
Financial Markets Impacted: Frasers Group’s mandatory cash offer for MySale shares impacts the Australian online fashion discounter and its shareholders.
Financial Rating Justification: The article discusses a financial transaction involving Frasers Group acquiring more shares in MySale, an Australian online fashion discounter, which affects the company’s ownership structure and share prices.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the text.

Reported publicly: www.retailsector.co.uk