Naked Brand: Jumps as shareholders approve divesture plan

Cenntro (The)

23/04/2021 15:09

** Shares of intimate apparel brand  NAKD.O  jump 10.6% to
61 cents
    ** Based on preliminary vote tallies, NAKD shareholders
approve the proposed divestiture of co's Bendon brick-and-mortar
operations  urn:newsml:reuters.com:*:nACSjX947a
    ** NAKD says it expects to sign the definitive agreement for
the proposed divestiture and simultaneously close the
transaction on or about April 30
    ** Co on Jan. 21 announced plans to undertake a
restructuring to shed its brick-and-mortar operations to focus
exclusively on its e-commerce business
    ** Co says the final tallies will be disclosed promptly
after they are available
    ** NAKD shares up ~212% so far this year




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