Koovs says no reason for share price drop

AIM-listed fashion brand Koovs noted the recent movement in its share price on Friday and said it knows of no specific reason for the move.

"To clarify, the £8.9m 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 £7.5m (also mentioned in that announcement) remain ongoing."

Koovs expects to announce the successful conclusion of this round of funding in due course.

At 1440 BST, the shares were down 13.2% to 31.02p.