NEW YORK, June 1 /PRNewswire-FirstCall/ -- Iconix Brand Group, Inc. ("Iconix" or the "Company"), today announced that it has filed a shelf registration statement with the Securities and Exchange Commission for a proposed follow-on public offering of shares of its common stock for the Company and certain of its stockholders. The Company also anticipates filing a preliminary prospectus supplement. Barclays Capital Inc. and Lazard Capital Markets LLC are acting as joint bookrunning managers for the offering, with Credit Suisse Securities (USA) LLC acting as the co-manager for the offering.
Iconix expects that it will offer approximately 9.2 million shares of the Company's common stock and the selling stockholders will offer 800,000 shares. The selling stockholders include Neil Cole, the Company's CEO and Chairman, and two of the Company's directors. In addition, the Company also expects to grant to the underwriters an option to purchase up to an additional 1,500,000 shares. The Company intends to use the proceeds it receives from this offering for general corporate purposes, which may include, among other things, the funding of acquisitions. The public offering price has not yet been determined.
The offering will be made only by means of a prospectus, forming a part of the Company's shelf registration statement, related prospectus supplement and other related documents. Before you invest, you should read the prospectus supplement and accompanying prospectus and other documents the Company has filed with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC website at http://www.sec.gov/. Alternatively, you may obtain a copy of the prospectus supplement and accompanying prospectus from:
Barclays Capital Inc. c/o Broadridge Integrated Distribution Services 1155 Long Island Avenue Edgewood, NY 11717 barclaysprospectus@broadridge.com Toll Free Number - 1 (888) 603-5847
This press release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities 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 any such state or jurisdiction.
Iconix Brand Group Inc. owns, licenses and markets a growing portfolio of consumer brands including CANDIE'S (R), BONGO (R), BADGLEY MISCHKA (R), JOE BOXER (R) RAMPAGE (R) MUDD (R), LONDON FOG (R), MOSSIMO (R) OCEAN PACIFIC (R), DANSKIN (R) ROCA WEAR(R), CANNON (R), ROYAL VELVET (R), FIELDCREST (R), CHARISMA (R), STARTER (R) and WAVERLY (R). In addition, Iconix owns an interest in the ARTFUL DODGER (R) and ED HARDY (R) brands. The Company licenses its brands to a network of leading retailers and manufacturers that touch every major segment of retail distribution from the luxury market to the mass market in both the U.S. and around the world. Iconix, through its in-house advertising, promotion and public relations agency, markets its brands to continually drive greater consumer awareness and equity.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. The statements that are not historical facts contained in this press release are forward looking statements that involve a number of known and unknown risks, uncertainties and other factors, all of which are difficult or impossible to predict and many of which are beyond the control of the Company, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors include, but are not limited to, whether or not the Company will offer the common stock or consummate the offering and the anticipated terms of the offering, as well as uncertainty regarding the results of the Company's acquisition of additional licenses, continued market acceptance of current products and the ability to successfully develop and market new products particularly in light of rapidly changing fashion trends, the impact of supply and manufacturing constraints or difficulties relating to the Company's licensees' dependence on foreign manufacturers and suppliers, uncertainties relating to customer plans and commitments, the ability of licensees to successfully market and sell branded products, competition, uncertainties relating to economic conditions in the markets in which the Company operates, the ability to hire and retain key personnel, the ability to obtain capital if required, the risks of litigation and regulatory proceedings, the risks of uncertainty of trademark protection, the uncertainty of marketing and licensing acquired trademarks and other risks detailed in the Company's SEC filings, including the prospectus supplement relating to the offering. The words "believe", "anticipate," "expect", "confident", "will", "project", "provide" "guidance" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date the statement was made. All forward-looking statements are qualified by these cautionary statements and apply only as of the date they are made. The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Contact: Jaime Sheinheit Investor Relations Iconix Brand Group, Inc. 212.730.0030
Iconix Brand Group, Inc.
CONTACT: Jaime Sheinheit, Investor Relations, Iconix Brand Group, Inc.,
+1-212-730-0030
Web Site: http://iconixbrand.com/
