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Gullane Supports Activist Nominess To DEST Board

Gullane Capital Partners, a Memphis-based hedge fund that holds 3%+ ownership in Destination Maternity Corporation (Nasdaq: DEST), today announced its support of the GOLD proxy card issued by activist shareholders Nathan Miller and Peter O’ Malley calling on stockholders to vote in favour of four director nominees at the Company’s 2018 annual meeting, taking place on May 23, 2018. “Destination Maternity’s existing board has been given ample time to fix DEST while watching the stock price fall over 80% in the past three years,” said Trip Miller, Managing Partner of Gullane Capital Partners, a value investor who is not affiliated with the activist...