Naked Brand Group Inc. (NASDAQ:NAKD) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure
On May 2, 2017, at 11:00 am EDT, Naked Brand Group, Inc. (Naked)
will be giving an investor presentation at the Joseph Gunnar Co.
LLC Pioneers 2017 Conference at The Mandarin Oriental Hotel New
York.
The investor presentation is being furnished herein and the audio
portion of the investor presentation is also available and will
be webcast live over the internet and can be accessed under the
Investor Relations section at http://www.nakedbrands.com. An
online archive will be available for a period of 90 days
following the investor presentation.
Additional Information and Where to Find It
The investor presentation shall not constitute an offer to sell
or the solicitation of an offer to sell or the solicitation of an
offer to buy any securities, nor shall there be any sale of
securities in any jurisdiction in which such offer, solicitation
or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. The investor
presentation does not constitute the solicitation of any vote or
approval. On April 10, 2017, Naked Brand Group Inc. (Naked)
entered into Amendment No. 3 to the Letter of Intent, dated
December 19, 2016, as amended February 10, 2017 and March 9,
2017, entered into by Naked and Bendon Limited (Bendon) in
connection with a proposed business combination (the Business
Combination). As contemplated by the amend Letter of Intent,
Naked will now merge with and into a subsidiary of a newly formed
Australian holding company (NewCo) which will be the ultimate
parent company of Bendon and Naked. The proposed Business
Combination will be submitted to the stockholders of Naked for
their consideration. In connection therewith, the NewCo, Bendon
and Naked intend to file relevant materials with the Securities
and Exchange Commission (SEC), including a Registration Statement
on Form F-4 to be filed by NewCo that will include a proxy
statement of Naked that also constitutes a prospectus of NewCo
and a definitive proxy statement/prospectus (when they become
available) will be sent to Naked stockholders. Such documents are
not currently available. Before making any voting or investment
decision with respect to the Business Combination, investors and
security holders of Naked are urged to read the definitive proxy
statement/prospectus and the other relevant materials filed or to
be filed with the SEC carefully and in their entirety when they
become available because they will contain important information
about NewCo, Naked, Bendon and the proposed Business Combination.
The definitive proxy statement/prospectus and other relevant
materials (when they become available), and any other documents
filed by NewCo or Naked with the SEC, may be obtained free of
charge at the SEC web site at www.sec.gov. In addition, investors
and security holders of Naked may obtain free copies of the
documents filed with the SEC by Naked by directing a written
request to: Naked Brand Group Inc., 95 Madison Avenue, 10th
Floor, New York, New York 10016, Attention: Investor Relations.
Participants in the Solicitation
Naked and its directors, executive officers and certain other
members of management and employees may be deemed to be
participants in the solicitation of proxies from the stockholders
of Naked in connection with the proposed Business Combination.
Information regarding the participants in the proxy solicitation
of the stockholders of Naked and a description of their direct
and indirect interests, by security holdings or otherwise, will
be contained in the definitive proxy statement/prospectus
regarding the proposed Business Combination and other relevant
materials to be filed with the SEC by Naked when they become
available. Additional information regarding the directors and
executive officers of Naked is also included in Nakeds Annual
Report on Form 10-K for the year ended January 31, 2017. This
document is available free of charge at the SECs web site
(www.sec.gov) and from Investor Relations at Naked at the address
described above.
Note About Financial Information
Certain of Bendons financial information contained in the
investor presentation is unaudited and/or was prepared by Bendon
as a private company and do not necessarily conform to Regulation
S-X and certain of Bendons financial information was not prepared
in accordance with U.S. generally accepted accounting principles.
Additionally, certain financial projections of Bendon contained
in the investor presentation, such as those relating to revenue
and gross margins on net sales, are forward-looking statements
(see note below on forward-looking statements) that are based on
assumptions that are inherently subject to significant
uncertainties and contingencies, many of which are beyond Bendons
control. There will be differences between actual and projected
results, and actual results may be materially greater or
materially less than those contained in the investor
presentation. The inclusion of the projections in the investor
presentation should not be regarded as an indication that Bendon
or its representatives considered or consider the projections to
be a reliable prediction of future events, and reliance should
not be placed on the projections.
Bendon has not warranted the accuracy, reliability,
appropriateness or completeness of the projections to anyone,
including to Naked. Neither Bendons management nor any of its
representatives has made or makes any representation to any
person regarding the ultimate performance of Bendon compared to
the information contained in the projections, and none of them
intends to or undertakes any obligation to update or otherwise
revise the projections to reflect circumstances existing after
the date when made or to reflect the occurrence of future events
in the event that any or all of the assumptions underlying the
projections are shown to be in error. Accordingly, they should
not be looked upon as guidance of any sort.
Forward-Looking Statements
Certain statements either contained in or incorporated by
reference into the investor presentation, other than purely
historical information, including estimates, projections and
statements relating to Nakeds or Bendons business plans,
objectives and expected operating results, and the assumptions
upon which those statements are based, are forward-looking
statements within the meaning of Section 27A of the Securities
Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. All statements, other than
statements of historical facts, included in or incorporated by
reference into this Current Report regarding strategy, future
operations, future transactions, future financial position,
future revenue, projected expenses, prospects, plans and
objectives of management are forward-looking statements. Examples
of such statements include, but are not limited to, statements
regarding the structure, timing and completion of the proposed
Business Combination, the transactions contemplated thereby or
any other actions to be taken in connection therewith; the
Companys continued listing on the NASDAQ Capital Market until
closing of the proposed Business Combination; the Companys
continued compliance with the minimum shareholders equity
requirements at the time of the Companys next periodic report;
NewCos anticipated listing on the NASDAQ Capital Market upon
closing of the proposed Business Combination; expectations
regarding the capitalization, resources and ownership structure
of the combined company; the adequacy of the combined companys
capital to support its future operations; the Companys and
Bendons plans, objectives, expectations and intentions; the
nature, strategy and focus of the combined company; the executive
and board structure of the combined company; and expectations
regarding voting by the Companys stockholders. Naked and/or
Bendon may not actually achieve the plans, carry out the
intentions or meet the expectations disclosed in the
forward-looking statements and you should not place undue
reliance on these forward-looking statements. Such statements are
based on managements current expectations and involve risks and
uncertainties. Actual results and performance could differ
materially from those projected in the forward-looking statements
as a result of many factors, including, without limitation, risks
and uncertainties associated with stockholder approval of and the
ability to consummate the proposed Business Combination through
the process being conducted by the Company, NewCo and Bendon, the
ability of the Company, NewCo and Bendon to enter into a
definitive agreement and consummate such transaction, the risk
that one or more of the conditions to closing of the Business
Combination may not be satisfied, including, without limitation,
the effectiveness of the registration statement to be filed with
the SEC or the listing of NewCos ordinary shares on the NASDAQ
Capital Market, the lack of a public market for ordinary shares
of NewCo and the possibility that a market for such shares may
not develop, the ability to project future cash utilization and
reserves needed for contingent future liabilities and business
operations, the availability of sufficient resources of the
combined company to meet its business objectives and operational
requirements, the ability to realize the expected synergies or
savings from the proposed Business Combination in the amounts or
in the timeframe anticipated, the risk that competing offers or
acquisition proposals will be made, the ability to integrate the
Companys and Bendons businesses in a timely and cost-efficient
manner, the inherent uncertainty associated with financial
projections, and the potential impact of the announcement or
closing of the proposed Business Combination on customer,
supplier, employee and other relationships. Caution should be
taken not to place undue reliance on any such forward-looking
statements because such statements speak only as of the date when
made. the Companys disclaims any intent or obligation to update
these forward-looking statements to reflect events or
circumstances that exist after the date on which they were made.
The information presented in Item 7.01 of this Current Report on
Form 8-K and Exhibit 99.1 shall not be deemed to be filed for
purposes of Section 18 of the Securities Exchange Act of 1934, as
amended (the Exchange Act), or otherwise subject to the
liabilities of that section, and it shall not be deemed
incorporated by reference in any filing under the Securities Act
of 1933, as amended, or under the Exchange Act, whether made
before or after the date hereof, except as expressly set forth by
specific reference in such filing to this Current Report on Form
8-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No. |
Description | |
99.1 | Investor Presentation, dated May 2, 2017. |
About Naked Brand Group Inc. (NASDAQ:NAKD)
Naked Brand Group Inc. is an apparel and lifestyle brand company. The Company is focused on innerwear products for women and men. The Company designs, manufactures and sells men’s and women’s underwear, intimate apparel, loungewear and sleepwear under Naked brand name. The Company sells its products through retail partners and direct to consumer through its online retail store www.wearnaked.com. The Company offers a range of innerwear products for men, including boxer briefs, trunks, briefs, undershirts, t-shirts, lounge pants, lounge shorts and robes. Its primary men’s collections include Luxury, Active and Essential. Its women’s collections include a range of products, such as boyshorts, hipsters, lounge pants and tops, camisoles, tank tops, pajamas, chemises and sleepshirts. The Company also makes French Terry robes, as well as Double Gauze woven cotton sleepwear. Naked Brand Group Inc. (NASDAQ:NAKD) Recent Trading Information
Naked Brand Group Inc. (NASDAQ:NAKD) closed its last trading session down -0.04 at 1.91 with shares trading hands.