WHAT IS MEANINGFUL PORTION FOR US STOCKHOLDERS?
In order to deliver value to stockholders as promptly as practicable, the Board of Directors expects to approve, and recommend to stockholders, the adoption of a plan of dissolution that, absent the emergence of a higher value alternative, would be implemented after the closing of the sale transaction. Subject to the resolution of existing and contingent liabilities and claims, as required by Delaware law, it is expected that this will result in a liquidating distribution to NexCen Brands' stockholders of a meaningful portion of the retained sale proceeds, although NexCen Brands cannot yet predict with certainty the timing or amount of any such distribution.
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