Home / Knowledge / News / Fashion / dELiA*s delays subscription rights offering

dELiA*s delays subscription rights offering

20
Jan '06
Direct marketing and retail company DELiA*s Inc comprised of three lifestyle brands primarily targeting consumers between the ages of 12 and 19, has extended to 5:00 p.m. New York City time, on February 10, 2006 the deadline for eligible shareholders to subscribe to buy new shares under its current subscription rights offering.

All other terms and conditions of the offering, which was originally scheduled to expire January 27, 2006, remain the same.

Walter Killough, dELiA*s' Chief Operating Officer, said "They have noticed a significant delay in the delivery to a number of shareholders of the prospectus, rights certificates and other documents that shareholders need in order to make an informed decision to either exercise or transfer their rights.

A number of shareholders have contacted us stating that they have not yet, or have only recently, received their rights offering documents.

Therefore, they have decided to extend the rights offering for two weeks.

They hope this extension gives all of their shareholders the time they need to review their rights offering documents, consult with their brokers and complete the necessary paperwork."

Under the terms of the offering, common stock holders of record on December 28, 2005 were issued 0.11533 transferable rights for each share of common stock held.

Each whole right is exercisable for one share of common stock at a subscription price of $7.43 cash.

The rights currently are listed for trading on the Nasdaq National Market System under the symbol "DLIAR."


Must ReadView All

Pic: Shutterstock

Textiles | On 25th Feb 2020

US surpasses China as India's biggest trading partner

The United States has surpassed China to become India's top trading...

Pic: Shutterstock

Textiles | On 25th Feb 2020

Coronavirus may shift buyers to Turkey, fuel cotton growth

The coronavirus outbreak will cause a possible shrinking of China's...

Pic: Shutterstock

Apparel/Garments | On 25th Feb 2020

Tough for Vietnamese firms to follow EVFTA rules of origin

Though Vietnamese textile and garment firms are aware of the...

Interviews View All

Rahul Bhadani, Looksgud

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Divyesh Mashruwala, Akshar Industries

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Textile industry, Head honchos

Textile industry
Head honchos

RCEP was always going to be a double-edged sword

Erwin Devloo,

Erwin Devloo

Picanol develops, produces and markets high-tech weaving machines, based...

Mirella Sardini,

Mirella Sardini

A leading manufacturer of automated machinery and equipment for the...

Eric Fessler,

Eric Fessler

Manufacturer of textile machinery and complete fibre-to-yarn lines, N...

Giulio Cesareo, Directa Plus SpA

Giulio Cesareo
Directa Plus SpA

Established in 2005, Direct Plus SpA, is one of the largest producers and...

Daniel Kaye, RocketLife

Daniel Kaye
RocketLife

<div>RocketLife, an award-winning developer of breakthrough visual...

Matthew Kolmes, Supreme Corporation

Matthew Kolmes
Supreme Corporation

Supreme Corporation manufactures innovative specialty yarns and safety...

Tony Ward, Tony Ward

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Ritu Kumar, Label Ritu Kumar

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Priya Somaiya, Usha Social Services

Priya Somaiya
Usha Social Services

The Usha Silai label from Usha International is all set for a retail...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


February 2020

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search