KMD Brands Responds To Stokehouse Transaction Concept

About this update from Kmd Brands Limited

KMD Brands Ltd NZX:KMD:RESPONSE TO STOKEHOUSE TRANSACTION CONCEPTCONFIRMS IT RECEIVED PROPOSED TRANSACTION CONCEPT FROM A US SURFWEAR COMPANY, STOKEHOUSE UNLIMITEDKMD BRANDS ENGAGED WITH STOKEHOUSE INVOLVING CO DE-MERGING RIP CURL INTO SEPARATE NZX & ASX LISTED COMPANYKMD BRANDS BOARD OF DIRECTORS DETERMINED THAT IT IS NOT IN BEST INTERESTS OF SHAREHOLDERSAFTER DE-MERGER OF RIP CURL FROM KMD BRANDS, AND MERGER WITH STOKEHOUSE, STOKEHOUSE SHAREHOLDERS WOULD OWN 22% OF MERGED ENTITY

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