KOOV.L Regulatory News (KOOV)

Hardman & Co Research: Successful fund raising

Koovs has today announced a major deal with Hindustan Times Media ("HT"). HT is taking a substantial stake in Koovs in exchange for advertising and marketing credit, providing a cornerstone investor for Koovs' fundraising and endorsing Koovs' strategy to become a major player in Indian fashion e-commerce. We would expect this deal to provide significant encouragement to other investors looking to fund Koovs' next stage of development. We have not yet adjusted any of our forecasts as the deal remains conditional on further fund raising, which has not yet been agreed - but the company remains confident that terms will be agreed. Please click here for the full report:

http://www.hardmanandco.com/docs/default-source/company-docs/koovs-plc-documents/18-06-18-koovs-successful-fund-raising.pdf

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About Hardman & Co: For the past 21 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.

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