ASOS

ASOS has applied for admission to listing (blocklisting) of 400,000 new ordinary shares on the London Stock Exchange. The shares, with a nominal value of 3.5p, are expected to become effective on 28 August 2026 and will be used half to satisfy allocations under the Long-Term Incentive Scheme and half to service options under the Sharesave Plan. The new fully paid shares will rank pari passu with the existing ordinary shares. » More on de.investing.com

ASOS confirmed completion of the sale of its logistics centre in Atlanta, generating net proceeds of around £48m and a one-off pre-tax gain of about £78m. The deal is also expected to deliver annual cost savings of roughly £6m; the lease was assigned to a global consumer brand and the automation equipment was sold to a company in the DHL Group. CEO Jose Antonio Ramos Calamonte described the sale as contributing to balance-sheet strengthening, business simplification and disciplined capital allocation. Along with the earlier sale of the distribution centre in Lichfield, the transaction reduces net debt and improves the free cash flow outlook for the second half of fiscal 2026. » More on de.investing.com

Independent non-executive director Christine Cross will not stand for re-election at the annual general meeting expected in early 2027, in order to devote herself to other personal and professional commitments. Since her appointment in April 2024 she has been chair of the remuneration committee and a member of the audit committee. ASOS has initiated a succession plan for the chair of the remuneration committee and says it will announce the successor in due course. » More on de.investing.com