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.
FTSE AIM All-Share
738.36
16:54 04/10/24
n/a
n/a
General Retailers
4,211.99
17:14 04/10/24
-0.54%
-22.80
Koovs
3.20p
15:59 10/01/20
0.00%
0.00p
"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.