Global law firm Ashurst is advising J.P. Morgan Securities plc in its role as sponsor to ASOS plc (“ASOS” or “the Company”), in connection with the admission of the Company’s ordinary shares to the premium listing segment of the Financial Conduct Authority’s Official List and to trading on the London Stock Exchange’s main market for listed securities (“Admission”).
The admission of the Company’s shares to AIM will be cancelled with effect from Admission, which is expected to occur at 8am on Tuesday 22 February. The Company published a prospectus on 18 February 2022 in connection with Admission.
The directors of ASOS believe that given the Company’s size and scale, now is the appropriate time to move from AIM to a premium Main Market listing. Over the past 20 years, the Company has demonstrated a proven track record, built a broad shareholder base, and has adopted, applied and reported against the UK Corporate Governance Code for several years. The directors consider that Admission would further enhance the Company’s 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.
The Ashurst team was led by partner and head of ECM Nicholas Holmes with support from partners Jeffrey Johnson and Nicholas Gardner and associates Kseniia Samokhina, Louise Johnson and Shayaan Zaraq Bari.
