Express, Inc. (NYSE:EXPR), a specialty retail apparel company, today
announced that its Board of Directors voted to terminate the company’s
stockholder rights plan effective March 29, 2016. Stockholders are not
required to take any action as a result of the termination.
The termination has been effected by amending the stockholder rights
plan to accelerate its expiration date to March 29, 2016. In connection
with the termination of the rights agreement, the Company will be taking
routine actions to voluntarily deregister the related preferred share
purchase rights under the Securities Exchange Act of 1934, and to delist
the preferred share purchase rights from the NYSE. These actions are
administrative in nature and will have no effect on the Company’s common
stock, which will continue to be listed on the NYSE.
About Express, Inc.:
Express is a specialty apparel and accessories retailer of women's and
men's merchandise, targeting the 20 to 30 year old customer. Express has
over 30 years of experience offering a distinct combination of fashion
and quality for multiple lifestyle occasions at an attractive value
addressing fashion needs across work, casual, jeanswear, and going-out
occasions. The Company currently operates more than 650 retail and
factory outlet stores, located primarily in high-traffic shopping malls,
lifestyle centers, and street locations across the United States,
Canada, and Puerto Rico. Express merchandise is also available at
franchise locations in the Middle East, Latin America, and South Africa.
Express also markets and sells its products through its e-commerce
website, www.express.com,
as well as on its mobile app.
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