Accent Group Limited (ASX: AX1), an ASX-listed company, is the target of an ongoing takeover bid. Its ordinary shares are listed for quotation on the Australian Securities Exchange. The bid, launched by Frasers Group plc, aims to acquire all fully paid ordinary shares in Accent Group Limited not already held or controlled by the Bidder or its associated entities. Barrenjoey Markets Pty Limited, acting as the Bidder’s Broker, formally announced an extension to this offer period, referencing the initial bidder’s statement dated 15 June 2026 and a supplementary statement from 10 August 2026, which outlined the acquisition proposal’s original terms.
As a result of this extension, the offer period for the on-market takeover of Accent Group shares is now set to conclude at close of trading on the ASX, specifically 4:00 pm Sydney time, on Friday, 29 January 2027. This revised deadline is subject to any further extensions or potential withdrawal under the Corporations Act. This update was released by the Bidder’s Broker in compliance with rule 5.12.2(b) of the ASIC Market Integrity Rules (Securities Markets) 2017. Interested parties are encouraged to refer to the comprehensive Bidder’s notice of extension, lodged with the ASX on 18 September 2026, for additional details concerning this timeframe adjustment.
Crucially, the announcement from Barrenjoey Markets underscored that despite the prolonged offer period, no other terms or conditions of the on-market takeover offer have been altered. The extension pertains solely to the revised closing date, ensuring the core aspects of the bid remain unchanged from those previously communicated. Shareholders of Accent Group Limited and potential investors are advised to take note of this updated timeline as they consider their positions regarding the ongoing acquisition proposal.
