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Ollie’s Bargain Outlet Holdings, Inc. Announces Secondary Public Offering

HARRISBURG, Pa., Sept. 06, 2016 (GLOBE NEWSWIRE) -- Ollie’s Bargain Outlet Holdings, Inc. (OLLI) (“Ollie’s” or the “Company”) today announced that affiliates of CCMP Capital Advisors, LP (“CCMP”) intend to offer 13,725,798 shares of the Company’s common stock, par value $0.001 per share (the “Common Stock”), in an underwritten public offering. The offering consists entirely of secondary shares to be sold by CCMP. CCMP will receive all of the proceeds from the offering.

No shares are being sold by the Company or any of its officers and directors in this offering. J.P. Morgan and BofA Merrill Lynch are serving as the underwriters for the proposed offering. J.P. Morgan and BofA Merrill Lynch propose to offer the Common Stock from time to time for sale in one or more transactions on the Nasdaq Global Market, in the over-the-counter market, through negotiated transactions or otherwise, at market prices prevailing at the time of sale, at prices related to such prevailing market prices or negotiated prices, subject to their right to reject any order in whole or in part.

An automatic shelf registration statement (including a prospectus) relating to the offering of the common stock has been filed with the U.S. Securities and Exchange Commission (the “SEC”) on September 6, 2016 and became effective upon filing. Before you invest, you should read the registration statement, prospectus, prospectus supplement and other documents the Company has made available with the SEC for information about the Company and the offering. Copies of these documents can be accessed through the SEC’s website at Alternatively, a copy of the prospectus and the accompanying prospectus supplement, when available, may be obtained from: J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewater, NY 11717, Phone: 866-803-9204, or BofA Merrill Lynch, NC1-004-03-43, 200...