MySale assesses a 'number of options' for future
Mysale Group
2.25p
13:49 29/11/22
Shares in online retailer MySale shot up on Tuesday, leading the group to acknowledge the rise in its shares and reveal that it was still in the process of assessing "a number of options" regarding its future.
FTSE AIM All-Share
754.69
16:50 24/04/24
General Retailers
3,926.04
17:09 24/04/24
MySale launched a review of the group's options back in June with a view to maximising value for its stakeholders.
The AIM-listed group said it was looking into raising additional funds to support its ongoing working capital requirements and reduce its debt. MySale also told investors it was exploring the sale of certain parts of the group.
MySale stated that it continued to remain within its banking facilities, adding that discussions with its lenders were "ongoing as to the future financing of the company".
"Whilst there is no certainty as to the exact outcome of the strategic review, the company will update the market in due course," said MySale.
As of 1640 BST, MySale shares had shot up 14% to 4.80p.