16 May 2017 16:31
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Koovs plc
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Share Price Movement
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Koovs plc ("Koovs", or the "Company") (AIM: KOOV), the fashion-forward business focused on the young Indian e-commerce market, notes the recent movement in its share price and would like to inform the market that it knows of no specific reason for this price movement.
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The Company reported sales* growth of 87% in its trading update for the financial year to 31 March 2017 announced on 4 April 2017, and continues to see year on year growth.
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The Company will look to raise additional capital during the course of the year to continue to deliver its growth plans.
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* Â Gross sales order value placed through the KOOVS.COM website including taxes. This does not represent the revenue of the Group.
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