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Exhibit (a)(5)(D)
Hooker Furniture Corporation P. O. Box 4708
Martinsville, Virginia 24115
Phone (540) 632-0459
Fax (540) 632-0026
Press Release
Contact: E. Larry Ryder FOR IMMEDIATE RELEASE
Phone: (540) 656-3314 9:00 AM EDT September 14, 2000
HOOKER FURNITURE CORPORATION ANNOUNCES FINAL RESULTS OF TENDER OFFER BY ESOP
TRUST TO PURCHASE UP TO 1,800,000 SHARES OF HOOKER'S COMMON STOCK
MARTINSVILLE, VIRGINIA (September 14, 2000): HOOKER FURNITURE CORPORATION today
announced the final results of the tender offer by the Hooker Furniture
Corporation Employee Stock Ownership Plan Trust (the "ESOP Trust") to purchase
up to 1,800,000 shares of Hooker's common stock, which expired at 5:00 P.M., New
York City time, on Friday, September 8, 2000.
Based on a final count by the depositary for the tender offer, 3,388,264 shares
of common stock, representing approximately 44.48% of the company's outstanding
shares, were properly tendered and not properly withdrawn prior to expiration of
the offer, 1,800,000 of which the ESOP Trust expects to purchase at the offer
price of $12.50 per share. The final proration factor for the offer was 53.12%
and the total purchase price will be approximately $22.5 million.
Payment for shares accepted in the tender offer and the return of shares not
accepted for purchase will be made by the depositary beginning on or about
Monday, September 18, 2000.
Hooker Furniture Corporation is a leading manufacturer of wood furniture selling
in the upper-medium price range of the residential market. Manufacturing
facilities are located in Martinsville and Roanoke, VA, and Kernersville,
Pleasant Garden, and Maiden, NC.
For further information, contact E. Larry Ryder, Senior Vice President - Finance
and Administration (540) 656-3314.
