Studio Retail Group PLC- digital value retailer - Says the conversion rights attaching to the 166.9 million convertible shares of 23.97 pence each in issue have lapsed on Tuesday in accordance with their terms of issue and accordingly, as a result of such lapse, no shares will be issued to its holders. All of the convertible shares have automatically converted into a class of deferred shares, the company notes.
Current stock price: 257.00 pence, down 3.0% on Tuesday
Year-to-date change: down 12%
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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