Asos delists shares to join premium segment of London Stock Exchange

By Becky Bargh 22-Feb-2022

From 8am today, the online fashion and beauty seller has listed its shares on the Main Market of the London Stock Exchange

Asos' own brand beauty range

Beauty and fashion e-tail giant Asos has delisted its shares from the sub-market of the London Stock Exchange (LSE), effective today.

Since 8am this morning, Asos has been trading on the LSE’s Main Market via its premium segment.

Asos said it was not offering any new ordinary shares nor any other securities in relation to the move.

February 21 was the company’s last official day trading with AIM.

“Asos has set out a clear plan to deliver an ambitious growth strategy over the next three to four years and to deliver on the sizable opportunities ahead for our business,” said Mat Dunn, Asos’ COO and CFO.

“Against this backdrop, the time is now right to move to the Main Market.

“I would like to take this opportunity to thank the teams who worked so hard over the past few months getting ready for today and to all Asos-ers for their ongoing dedication and commitment.”

Those with a premium listing on the Main Market are expected to meet the UK’s ‘super-equivalent’ rules.

Premium listed companies must also comply with the UK’s regulation and corporate governance, or suffer penalties.

Despite pushing forward with its future plans, Asos is still without a CEO.

Nick Beighton stepped down as boss in October last year after 12 years in the role.

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Dunn has taken on additional responsibilities, while the business is without an official leader.

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