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FREDERICK'S COMPLETES RECAPITALIZATION; ANNOUNCES NEW STOCK TRADING SYMBOLS

 LOS ANGELES, Oct. 18 /PRNewswire/ -- Frederick's of Hollywood Inc. (NYSE: FOH.A, FOH.B) today announced that shareholders approved a recapitalization of the company.
 Effective today, Frederick's Class A capital stock and new Class B capital stock begin trading on the New York Stock Exchange under symbols FOH.A and FOH.B, respectively. The company's capital stock previously traded on the New York Stock Exchange under the symbol FHO.
 As part of the recapitalization, the company effected a 1-for-3 reverse split of its capital stock, which was reclassified as Class A, with one vote per share. In addition, each shareholder will receive a distribution of two shares of new Class B capital stock for each share owned of Class A capital stock. The Class B shares are non-voting.
 Shareholders also approved an increase in the authorized number of shares of capital stock to 50 million from 20 million, consisting of 15 million shares of Class A capital stock and 35 million shares of Class B capital stock.
 George W. Townson, chairman and chief executive officer, said the recapitalization will provide greater flexibility to use equity in future acquisitions, financings, and employee benefit plans.
 Frederick's currently operates 206 specialty boutique stores in 39 states and a mail-order division serving customers in all 50 states.
 -0- 10/18/93
 /CONTACT: George W. Townson or John B. Hatfield, Frederick's of Hollywood, 213-466-5151; or Roger S. Pondel of Pondel, Parsons & Wilkinson, 310-207-9300/
 (FOH)


CO: Frederick's of Hollywood Inc. ST: California IN: REA SU: RCN

JB-LM -- LA007 -- 3198 10/18/93 09:03 EDT
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Publication:PR Newswire
Date:Oct 18, 1993
Words:259
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