Koovs PLC Admission to Trading of First Tranche Shares (0371A)
May 24 2019 - 1:00AM
UK Regulatory
TIDMKOOV
RNS Number : 0371A
Koovs PLC
24 May 2019
24 May 2019
Koovs plc
("Koovs" or the "Company")
Admission to trading of First Tranche Shares
Further to the Company's announcements on 7 May 2019 and 16 May
2019, the Company confirms that it and Future Lifestyle Fashions
Limited (FLFL) have extended the date by which the First Tranche
Shares are required to be admitted to trading on AIM to 30 May
2019.
The local Indian bank through which FLFL are transferring the
funds to Koovs requested additional information to comply with
Indian regulatory requirements which has now been provided and has
been the reason for the delay in admission.
Unless otherwise defined, capitalised terms in this announcement
are as defined in the Company's 7 May 2019 announcement.
END
For further information please contact:
Koovs plc
Mary Turner / Robert Pursell
Tel: +44 (0) 20 7151 0170
Strand Hanson Limited (Nominated & Financial Adviser)
James Harris / Ritchie Balmer / Georgia Langoulant
Tel: +44 (0) 20 7409 3494
Whitman Howard Limited (Corporate Broker)
Nick Lovering (Corporate) / Mark Murphy (Institutional
Sales)
Tel: +44 (0) 20 7659 1234
Media enquiries:
Newgate Communications
Adam Lloyd / Fiona Norman
Tel: +44 (0)20 3757 6880
E: koovs@newgatecomms.com
The information contained within this announcement is considered
to be inside information prior to its release, as defined in
Article 7 of the Market Abuse Regulation No.596/2014 and is
disclosed in accordance with the Company's obligations under
Article 17 of those Regulations.
Notes to Editors:
About Koovs
-- Koovs is a UK business that has built KOOVS.COM into India's
leading online western fashion destination. Koovs' fashion brands
are designed and developed in London exclusively for the young
Indian fashion market where two thirds of the population are under
the age of 35. It has 2.7m online social followers
-- The tremendous potential of the Indian fashion market has
been further underlined by the Strategic Partnership with Future
Lifestyle Fashions Limited (FLFL) which is part Future Group - one
of India's leading retail businesses and one of the top 10 fashion
apparel companies in the world
-- Koovs' proprietary online technology platform powers
KOOVS.COM and is a proven market-leading success in India's rapidly
expanding e-commerce market. The capability and scalability of the
platform has been recognised by FLFL which has contracted Koovs to
build and maintain the online platform for its Brand Factory retail
format. For more information, please visit www.koovs.com and follow
us on Facebook, LinkedIn, Twitter @mykoovs and Instagram
@koovsfashion.
About Future Group
Future Group is one of India's leading consumer, retail and
services companies covering fashion, food and homewares. It owns
over 60 brands, operates close to 2,000 retail stores spanning over
22 million square feet and attracts a footfall of over 500 million
a year. Future Group sells in the region of 300 million garments a
year, making it one of the top 10 fashion apparel companies in the
world. Future Group also has one of India's most unique and
rapidly-growing digital payment platforms, Future Pay, which has an
active user base of over 6.5 million
This information is provided by RNS, the news service of the
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of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCSEUFLDFUSESI
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