Mysale Group (MYSL)


LSE:MYSL: Result of AGM

Mysale Group

29 Nov 2016 11:59:27

MySale Group PLC

RNS Number : 4462Q
MySale Group PLC
29 November 2016

Results of Annual General Meeting

The Board of MySale Group plc (AIM: MYSL) is pleased to announce that all resolutions proposed at its Annual General Meeting, held earlier today, were duly passed.



MySale Group plc

Carl Jackson, Chief Executive Officer

+61 (0) 414 817 843

Graeme Burns, Corporate Development Director

+44 (0) 777 585 4516

Zeus Capital Limited (Nominated Adviser & Joint Broker)

+44 (0) 20 3829 5000

Nick How/Giles Balleny, Corporate Finance

Benjamin Robertson, Corporate Broking

N+1 Singer (Joint Broker)

+44 (0) 20 7496 3000

Nic Hellyer


+44 (0) 20 7379 5151

Dan Yea


About MySale Group

MySale is a leading international online retailer with established online flash sales and retail websites in Australia, New Zealand, South-East Asia and the United Kingdom. Founded in 2007, the Group provides customers with access to outstanding brands and products at discounted prices whilst simultaneously providing brand partners unique international inventory and sales solutions.

The Group's flash sales websites host time limited sales in each of its territories. These flash sales are focused on fashion, apparel, health, beauty and homeware categories and are predominantly undertaken on a consignment inventory basis. The retail websites operate in Australia and focus on similar product categories using mostly drop-shipped inventory.

Customers' shopping experiences are enhanced by the Group's deployment of leading edge technology to ensure personalised and localised product offerings. Customer convenience has been at the heart of the Group's technology development since the earliest days and now mobile commerce is the Group's main sales channel.

The Group's online sales are supported by a robust and flexible network of in-house supply chain infrastructure and technology that enables MySale to offer products from around the world for sale and delivery to customers in each territory.

As a result of these exceptional capabilities in inventory management and international sales MySale has built an enviable portfolio of over 2,500 brand partners from whom products are sourced.

The Group operates websites under a number of different brands all of which operate on a uniform technology platform and a single international logistics infrastructure.

The Group's flash sales brands are; OzSale and BuyInvite in Australia; NzSale in New Zealand; SingSale in Singapore; MySale in Australia, New Zealand Malaysia, Thailand, the Philippines, the United Kingdom and Hong Kong, and Cocosa in the United Kingdom, Australia and New Zealand; whilst the Group's retail websites are Deals Direct, and Top Buy in Australia.

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