Michael Kors Holdings Limited (NYSE:KORS) (the “Company”) today
announced the pricing of the secondary public offering of 11,629,627
ordinary shares by Sportswear Holdings Limited at a price of $76.75 per
share. The secondary offering is expected to close on or about September
10, 2014. The Company will not receive any proceeds from the sale of
ordinary shares by the selling shareholder.
J.P. Morgan Securities LLC is sole book-running manager for the
offering. The shelf registration statement relating to these securities
was effective upon filing with the U.S. Securities and Exchange
Commission. This press release shall not constitute an offer to sell or
the solicitation of an offer to buy these securities, nor shall there be
any sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
The offering will be made only by means of a prospectus supplement and
accompanying prospectus. Copies of the prospectus supplement and
accompanying prospectus related to the offering may be obtained, when
available, from: J.P. Morgan Securities LLC, Attention: Broadridge
Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717,
Telephone: 1-866-803-9204.
Copyright Business Wire 2014