Revlon announces regular dividend on its Series A Preferred Stock
NEW YORK — Revlon’s board has declared a regular dividend of approximately 16.5 cents per share on the Series A Preferred Stock for the period from July 9 through Oct. 8.
This regular dividend is payable on Oct. 8 to holders of record of the Series A Preferred Stock at the close of business on Sept. 28.
As previously disclosed, Revlon issued 9,336,905 shares of Series A Preferred Stock on Oct. 8, 2009. Pursuant to the terms of the Certificate of Designation for the Series A Preferred Stock, each share of Series A Preferred Stock is entitled to receive, when and if declared by Revlon’s board out of legally available funds, cumulative preferential dividends at an annual rate of 12.75% of the $5.21 per share liquidation preference.
The regular dividends are payable quarterly in cash in arrears on Oct. 8, Jan. 8, April 8 and July 8 of each year, or the next business day if such date is not a business day, if declared. The full terms and conditions of the Series A Preferred Stock are set forth in the Certificate of Designation for the Series A Preferred Stock, which Revlon filed with the SEC on Oct. 8, 2009.
Specific Beauty develops new Professional Moisture Complex
NEW YORK — Specific Beauty — a skin care brand developed by Dr. Heather Woolery-Lloyd, a certified dermatologist who focuses on meeting the skin care needs of women with “multihued skin tones” — has expanded its portfolio with the new Professional Moisture Complex.
This patented, paraben-free moisture complex works to hydrate, calm, soothe and brighten the skin. Formulated with plant-derived ingredients to mimic the structure of natural skin lipids, known as ceramides, this technology helps to restore the skin’s moisture protective barrier, the company stated. There’s no added fragrance, dyes or volatile alcohols. The formula is infused with such ingredients as vitamin E and lavender to calm and soothe the skin.
The manufacturer’s suggested retail price is $19.99. Additional information can be found at www.SpecificBeauty.com.
Novo Nordisk to donate $100,000 to diabetes education groups
MILWAUKEE — Local programs in Wisconsin that help people living with diabetes are getting a big boost in funding from a Danish drug maker.
Novo Nordisk announced Wednesday that it would start accepting applications for Novo Nordisk Community Care Madison/Milwaukee, setting aside $100,000 for local programs that educate people with Type 2 diabetes. The partnerships are part of the company’s Novo Nordisk Community Care program.
"More than 432,000 Wisconsin residents were faced with diabetes in 2010," Novo Nordisk executive director of communications Lori Moore said. "As an industry leader, Novo Nordisk is committed to reversing the trend of the diabetes crisis. We recognize that community-based organizations play a critical role in providing diabetes education and care that can help defeat this disease."
The program sponsored donated $415,000 last year to more than 20 programs in Atlanta, Minneapolis, Boston and Philadelphia. The programs were chosen for their unique content focused on education and resources for patients, which included interactive workshops, material for underserved and minority populations and others.