On December 20, 2018, The Reject Shop Limited provided the following update in relation to the on-market takeover bid by Allensford Pty Limited as trustee for the Allensford Unit Trust for all the shares in The Reject Shop. The company stated that On December 20, 2018, Allensford announced an extension of the Offer period, which is now scheduled to close at the end of ASX trading on January 22, 2019, unless it is further extended or withdrawn. In addition, the Company recommended the shareholders to reject the offer and do nothing in relation to the offer.