Cache Announces New Ex-Rights Date for Its Rights Offering; The Transferable
Rights Have Been Listed for Trading on NASDAQ since April 5, 2013
NEW YORK -- April 8, 2013
Cache, Inc. ("Cache") (NASDAQ: CACH), a specialty chain of women’s apparel
stores, announced that the NASDAQ Global Select Market ("NASDAQ") has
established a new “ex-rights” date for its previously announced $8.0 million
rights offering. NASDAQ has informed Cache that the new ex-rights date will be
the first trading day following the date of the first standalone trade of any
of the offering’s subscription rights, which are themselves transferable and
have been listed for trading on NASDAQ under the symbol “CACHR” since Friday,
April 5, 2013. As Cache announced on that date, NASDAQ had previously
established Monday, April 8, 2013, as the offering’s ex-rights date. Cache
will issue a press release announcing the ex-rights date finally determined as
set forth above. Cache began the process of distributing the offering’s
subscription rights to its shareholders of record as of the offering’s record
date on Friday, April 5, 2013, and any owner of rights interested in
transferring them should follow the procedures set forth in the offering’s
prospectus and, if applicable, contact the owner’s broker, dealer, custodian
bank or other nominee for more information.
The offering’s ex-rights date is the date that governs whether shares of
Cache’s common stock may be traded without trading the corresponding
subscription rights, as well. If a trade of Cache’s common stock is executed
prior to the ex-rights date, the corresponding rights are automatically
traded, as well; if the trade is executed on or after the ex-rights date, the
corresponding rights are not automatically traded. The ex-rights date does not
govern whether owners of rights can trade them on a standalone basis without
also trading the underlying shares of common stock, as discussed in the
paragraph above. Such standalone trades of rights may be executed before, on
or after the ex-rights date.
This press release does not constitute an offer to sell or the solicitation of
an offer to buy nor will there be any sale of any securities referred to in
this press release in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of such state or jurisdiction. The rights offering
is being made only by means of a prospectus meeting the requirements of the
Securities Act of 1933, as amended.
A copy of this prospectus, or further information with respect to the rights
offering, may be obtained by calling the Information Agent, Laurel Hill
Advisory Group, LLC, toll free at 888-742-1305.
About Cache, Inc.
Cache is a nationwide, mall-based specialty retailer of sophisticated
sportswear and social occasion dresses targeting style-conscious women who
have a youthful attitude and are self-confident. Cache currently operates 249
stores, primarily situated in central locations in high traffic, upscale malls
in 41 states, the Virgin Islands and Puerto Rico.
Maggie Feeney, 212-575-3206
Executive Vice President and Chief Financial Officer
Allison Malkin/Rachel Schacter
203-682-8225 / 646-277-1243
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