• Accent Group recommends shareholders take no action on Frasers' offer
• Offer price of A$0.65 per share equals last closing price
• Frasers' recent purchases at higher prices noted by the board
• Shareholders urged to wait for formal recommendation
• Luminis Partners and Arnold Bloch Leibler appointed as advisers

Accent Group Limited (ASX: AX1) has advised its shareholders to take no action in response to an unsolicited on-market takeover offer from Frasers Group PLC. The offer price of A$0.65 per share matches the last closing price and does not represent a premium. The Accent Board has noted that Frasers' recent purchases of Accent shares were at higher prices, and that selling to Frasers would prevent shareholders from benefiting from any future price increases or superior proposals. Accent is currently considering the offer with its advisers and will provide a formal recommendation in accordance with the Corporations Act. Shareholders are urged to wait for this formal recommendation before deciding whether to accept or reject the offer.

No immediate financial guidance provided; awaiting formal recommendation.

Accent Group is evaluating the offer and will provide a formal recommendation to shareholders in due course.