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