Body Central Corp. Clarifies That 1-for-10 Reverse Stock Split Anticipated to be Effective for Trading Purposes on Tuesday, S...
September 05 2014 - 5:17PM
Body Central Corp. (OTC Pink:BODY) (the "Company"), a
multi-channel, specialty retailer offering on trend, quality
apparel and accessories at value prices, issued a press release on
September 4, 2014 announcing that it is effecting a 1-for-10
reverse stock split of its common stock (the "Reverse Stock
Split"), pursuant to which each 10 shares of issued and outstanding
common stock and equivalents are being converted into 1 share of
common stock. The Company wishes to issue a clarification as
to the timing pursuant to which the Reverse Stock Split is being
implemented.
The Reverse Stock Split is anticipated to be effective for
trading purposes on the OTC Pink marketplace commencing with the
opening of trading on Tuesday, September 9, 2014 pursuant to an
exchange notice from FINRA. In connection therewith, also
beginning on September 9, 2014, the Company's common stock will
begin trading under a new CUSIP number 09689U201. Commencing
on September 9, 2014 and continuing for 20 business days, the
Company's common stock will trade under the symbol "BODYD" to
denote effectiveness of the Reverse Stock Split, after which time
the Company's trading symbol will revert back to "BODY".
As reported in the Company's previous press release, Body
Central stockholders will receive instructions from the Company's
transfer agent, American Stock Transfer & Trust Company, LLC,
as to procedures for exchanging existing stock certificates for new
certificates or book-entry shares and for the receipt of cash
proceeds in lieu of fractional shares.
About Body Central Corp.
Founded in 1972, Body Central Corp. is a multi-channel,
specialty retailer offering on trend, quality apparel and
accessories at value prices. As of August 27, 2014, the Company
operated 274 specialty apparel stores in 28 states under the Body
Central and Body Shop banners, as well as a direct business
comprised of a Body Central catalog and an e-commerce website at
www.bodycentral.com. The Company targets women in their late teens
to mid-thirties from diverse cultural backgrounds who seek the
latest fashions and a flattering fit. The Company's stores feature
an assortment of tops, dresses, bottoms, jewelry, accessories and
shoes sold primarily under the Company's exclusive Body CentralĀ®
and Lipstick LingerieĀ® labels.
For more information, please visit: www.bodycentral.com
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Forward-looking statements reflect management's current
expectations, as of the date of this press release, and involve
certain risks and uncertainties. Forward-looking statements include
statements herein with respect to the effects of the reverse split
and the successful execution of the Company's business strategy.
The Company's actual results could differ materially from those
anticipated in these forward-looking statements as a result of
various factors. Factors that could cause future results to
materially differ from the recent results or those projected in
forward-looking statements include the "Risk Factors" described in
the Company's Annual Report on Form 10-K filed with the Securities
and Exchange Commission on March 27, 2014, the Company's Quarterly
Report on Form 10-Q filed with the Securities and Exchange
Commission on August 14, 2014, and other factors identified from
time to time in the Company's periodic filings with the Securities
and Exchange Commission.
CONTACT: Body Central
investorquestions@bodyc.com