TIDMKOOV

RNS Number : 2632Q

Koovs PLC

08 September 2017

Koovs plc

Share Price Movement

Koovs plc ("Koovs", or the "Company") (AIM: KOOV), the fashion-forward business focused on the young Indian e-commerce market, notes the recent movement in its share price and would like to inform the market that it knows of no specific reason for this price movement.

To clarify, the GBP8.9 million convertible funds (first referenced in the announcement made on 21 July 2017) have been received by the Company and detailed discussions with the third party regarding the further GBP7.5 million (also mentioned in that announcement) remain ongoing. The Company expects to announce the successful conclusion of this round of funding in due course.

For further information please contact:

 
 
    Koovs plc                 Tel: +44 (0)20 7151 
     Mary Turner/Robert        0170 
     Pursell 
    Peel Hunt LLP 
    Dan Webster /             Tel: +44 (0) 20 7418 
     George Sellar             8900 
     Jock Maxwell Macdonald 
     (ECM) 
    Media enquiries:          Tel: +44 (0)20 3805 
     Headland                  4822 
     Rob Walker / Lucy 
     Legh

This information is provided by RNS

The company news service from the London Stock Exchange

END

SPMEAANPEDEXEFF

(END) Dow Jones Newswires

September 08, 2017 08:32 ET (12:32 GMT)

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