ASOS PLC
23 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 to
the Company's warehouse at Hemel Hempstead as a result of the explosion at the
Buncefield fuel depot, it would now appear that most of the damage can be
rectified within the next few weeks and that the business should be fully
operational with effect from mid January 2006.
The Board confirms that the business has been carrying comprehensive insurances
to cover loss of profits and damage to its assets. The Company's insurer, Fusion
Insurance Services Limited, has been exceptionally supportive and a significant
interim payment has been received.
The Board believes that this interruption will not affect profits for the
financial year ended 31 March 2006, which are likely to be in line with market
expectations.
Despite the disruption to the business, the Board is confident that no long term
damage has been done to the brand.
The Directors have now requested the lifting of the suspension of trading in the
Company's ordinary shares.
For further information please contact:
ASOS plc 020 7240 7070
Nick Robertson, Chief Executive
Jon Kamaluddin, Finance Director
Cubitt Consulting 020 7367 5100
Brian Coleman-Smith 07802 724 400
Nia Thomas/Allison Reid
Seymour Pierce Limited 020 7107 8000
Mark Percy
This information is provided by RNS
The company news service from the London Stock Exchange
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