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NAKD - Naked Brand News Story

$0.596 0.1  18.4%

Last Trade - 13/05/21

Sector
Consumer Cyclicals
Size
Small Cap
Market Cap £170.4m
Enterprise Value £193.5m
Revenue £42.0m
Position in Universe 4348th / 6856

BUZZ-Naked Brand Group: Up on dispute settlement with lenders

Mon 5th October, 2020 11:20pm
** Shares of intimate apparel and swimwear co  NAKD.O  up
13.2% at $0.13 in extended trade
    ** NAKD says co and unit Bendon Ltd settled dispute with the
lenders Timothy Connell, William Gibson and Ivory Castle Ltd 
    ** According to agreement, lenders agreed to settle in
consideration for unit's issuance of redeemable conversion
shares of $3.8 mln (https://bit.ly/2GvRwQz)
    ** Co also believes it has regained compliance with the
Nasdaq's stockholders' equity rule; on May 14 Nasdaq informed Co
that it was not in compliance with the equity standard for
continued listing (https://bit.ly/33vuxxJ)
    ** NAKD is down ~93% YTD

 (Reporting by Arunima Kumar in Bengaluru)
 ((Arunima.Kumar@thomsonreuters.com))
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