Frasers Group PLC (LSE:FRAS) said that it received valid acceptances for its mandatory offer for MySale in respect of 1,222,481 shares and currently holds over 622mln shares in the online Australian fashion marketplace company, approximately a 59.85% stake.
Frasers declared the offer unconditional last week.
Closing date for the mandatory offer, which was made last month, is 1pm on 1 November 2022.
Frasers’ bid for MySale started in August this year, when it announced its intention to make a firm offer at the price of 2p per share.