Donnkenny, Inc. declares two-for-one stock split.NEW YORK--(BUSINESS WIRE)--Nov. 20, 1995--Donnkenny, Inc. (Nasdaq:DNKY) today announced that its Board of Directors declared a two-for-one stock split in the form of a 100% stock dividend payable to shareholders of record on December December: see month. 4, 1995. The additional shares will be distributed on December 18, 1995. Donnkenny had 6,984,420 shares outstanding as of November November: see month. 20, 1995. Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a Rubin, President and Chief Executive Officer of Donnkenny, stated, "The decision to split the stock was based on a combination of factors, including solid earnings results, the strong performance of our stock and continued optimism for our future. We believe the two-for-one split will increase liquidity and enhance shareholder value." Donnkenny, Inc. designs, manufactures and markets moderately-priced women's sportswear and licensed apparel. Its products are sold nationwide to approximately 24,000 stores, representing approximately 9,000 individual operations and retail groups. CONTACT: Donnkenny, Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Ed Creevy, 212/730-7770 Ext. 3039 or Morgen-Walke Associates, New York Investor Relations Investor relations The process by which the corporation communicates with its investors. : David Walke/Eileen Howard Stacey Herschaft Press: Stacy Berns 212/850-5600 |
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