Attached files
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8-K - 8-K - CACHE INC | a13-5448_208k.htm |
Exhibit 99.1
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Company Contact: |
Maggie Feeney |
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Executive Vice President and Chief Financial Officer |
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Cache, Inc. |
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(212) 575-3206 |
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Investor Relations: |
Allison Malkin/Rachel Schacter |
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ICR, Inc. |
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(203) 682-8225/(646) 277-1243 |
CACHE ANNOUNCES NEW EX-RIGHTS DATE FOR
ITS RIGHTS OFFERING; THE TRANSFERABLE RIGHTS HAVE
BEEN LISTED FOR TRADING ON NASDAQ SINCE APRIL 5, 2013
New York, New York April 8, 2013 Cache, Inc. (Cache) (NASDAQ: CACH), a specialty chain of womens apparel stores, announced that the NASDAQ Global Select Market (NASDAQ) has established a new ex-rights date for its previously announced $8.0 million rights offering. NASDAQ has informed Cache that the new ex-rights date will be the first trading day following the date of the first standalone trade of any of the offerings subscription rights, which are themselves transferable and have been listed for trading on NASDAQ under the symbol CACHR since Friday, April 5, 2013. As Cache announced on that date, NASDAQ had previously established Monday, April 8, 2013, as the offerings ex-rights date. Cache will issue a press release announcing the ex-rights date finally determined as set forth above. Cache began the process of distributing the offerings subscription rights to its shareholders of record as of the offerings record date on Friday, April 5, 2013, and any owner of rights interested in transferring them should follow the procedures set forth in the offerings prospectus and, if
applicable, contact the owners broker, dealer, custodian bank or other nominee for more information.
The offerings ex-rights date is the date that governs whether shares of Caches common stock may be traded without trading the corresponding subscription rights, as well. If a trade of Caches common stock is executed prior to the ex-rights date, the corresponding rights are automatically traded, as well; if the trade is executed on or after the ex-rights date, the corresponding rights are not automatically traded. The ex-rights date does not govern whether owners of rights can trade them on a standalone basis without also trading the underlying shares of common stock, as discussed in the paragraph above. Such standalone trades of rights may be executed before, on or after the ex-rights date.
This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of any securities referred to in this press release 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 such state or jurisdiction. The rights offering is being made only by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.
A copy of this prospectus, or further information with respect to the rights offering, may be obtained by calling the Information Agent, Laurel Hill Advisory Group, LLC, toll free at 888-742-1305.
About Cache, Inc.
Cache is a nationwide, mall-based specialty retailer of sophisticated sportswear and social occasion dresses targeting style-conscious women who have a youthful attitude and are self-confident. Cache currently operates 249 stores, primarily situated in central locations in high traffic, upscale malls in 41 states, the Virgin Islands and Puerto Rico.