PAS seeks ASX listing

Written By Unknown on Jumat, 23 Mei 2014 | 13.39

CLOTHING company PAS Group hopes to list on the Australian Securities Exchange (ASX) in June 2014.

PAS's brands include Review, Metalicus, Black Pepper, and Yarra Trail.

PAS also operates an apparel design and development business called Designworks, which designs products for department stores.

PAS sells its products through its own branded stores, department stores, independent stores, and on-line.

The group is offering shares at $1.15 per share.

At the completion of the offer, shares on issue will total about 136.7 million, giving PAS a market capitalisation of about $157.2 million, based on the offer price.

PAS chairman Rod Walker said PAS has strong growth prospects, with the number of retail sites expected to reach 340 by the middle of 2017.


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