23rd Dec 2005 07:00
ASOS PLC23 December 2005 FOR RELEASE 7.00AM 23 DECEMBER 2005 ASOS plc ("ASOS" or "Group") ("A leading internet based fashion retailer") UPDATE FOLLOWING BUNCEFIELD FUEL DEPOT EXPLOSION AND LIFTING OF SUSPENSION IN TRADING OF THE SHARES ON AIM * Business should be fully operational by mid January 2006 * Loss of profit and damage to assets covered by insurance * Results for the year ended 31 March 2006 likely to be in line with market expectations * Confident that no long term damage has been done to the brand Further to the announcement on 12 December 2005 concerning the damage caused tothe Company's warehouse at Hemel Hempstead as a result of the explosion at theBuncefield fuel depot, it would now appear that most of the damage can berectified within the next few weeks and that the business should be fullyoperational with effect from mid January 2006. The Board confirms that the business has been carrying comprehensive insurancesto cover loss of profits and damage to its assets. The Company's insurer, FusionInsurance Services Limited, has been exceptionally supportive and a significantinterim payment has been received. The Board believes that this interruption will not affect profits for thefinancial year ended 31 March 2006, which are likely to be in line with marketexpectations. Despite the disruption to the business, the Board is confident that no long termdamage has been done to the brand. The Directors have now requested the lifting of the suspension of trading in theCompany's ordinary shares. For further information please contact: ASOS plc 020 7240 7070Nick Robertson, Chief ExecutiveJon Kamaluddin, Finance Director Cubitt Consulting 020 7367 5100Brian Coleman-Smith 07802 724 400Nia Thomas/Allison Reid Seymour Pierce Limited 020 7107 8000Mark Percy This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
ASOS