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Charlotte Russe announces final results of Dutch Auction offer
09
Apr '08
Charlotte Russe Holding Inc, a growing mall-based specialty retailer of fashionable, value-priced apparel and accessories targeting young women in their teens and twenties, announced the final results of its previously announced modified "Dutch Auction" tender offer, which expired at 5:00 P.M., New York City Time, on Wednesday, April 2, 2008.

The Company has accepted for purchase 4,080,000 shares in the tender offer, at a price of $18.00 per share, for a total cost of $73,440,000, excluding fees and expenses related to the tender offer.

Based on the depositary's final count, a total of 9,066,617 shares were validly tendered in the offer at a price of $18.00 per share. Accordingly, the final proration factor for the offer will be 45.0 percent. The 4,080,000 shares to be purchased in the tender offer represent 16.3 percent of the shares outstanding on April 2, 2008.

The shares to be purchased in the tender offer include the 4,000,000 shares the Company initially offered to purchase and 80,000 additional shares that the Company has elected to purchase pursuant to the terms of its tender offer.

Payment for the shares accepted for purchase, and return of all other shares tendered and not purchased, will be made promptly by the depositary.

Charlotte Russe Holding Inc

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