Express board implements 1-for-20 reverse stock split

On August 14, 2023, the Board of Directors of Express authorized the implementation of a 1-for-20 reverse stock split of the Company’s common stock. The reverse stock split is expected to be effected after market close on or about August 30, 2023, with shares of the Company’s common stock expected to begin trading on a split-adjusted basis at market open on or about August 31, 2023. Following the reverse stock split, the Company’s common stock will continue to trade on New York Stock Exchange (NYSE) under the symbol “EXPR” with the new CUSIP number, 30219E 202. The implementation of the reverse stock split is expected to regain compliance with the minimum price criteria set forth in the continued listing standards of the New York Stock Exchange.