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Apparel retailer Stage Stores applies for listing on NYSE

27 Feb '06

2 min read

Apparel retailer Stage Stores Inc announced that it has applied for listing of its Common Stock on the New York Stock Exchange (the "NYSE").

The Company anticipates that its stock will begin trading on the NYSE on March 16, 2006, under the symbol "SSI."

Stage's Common Stock has traded on the NASDAQ National Market under the symbol "STGS" since January 8, 2002.

Its Series A and Series B Warrants, which have also traded on the NASDAQ National Market since January 8, 2002 under the symbols "STGSW" and "STGSZ," respectively, will not move to the NYSE since they will expire on August 23, 2006.

Jim Scarborough, Chairman and Chief Executive Officer, stated, "Their move to the New York Stock Exchange highlights the growth and progress that they have made since their emergence from bankruptcy almost five years ago, in August of 2001.

They view this move as a significant event for their company, and one that is consistent with their goal of enhancing shareholder value.

Although they have enjoyed an excellent relationship with NASDAQ, they believe that their listing on the New York Stock Exchange will increase their Company's visibility, reduce trading volatility, and offer more efficient pricing.

They are pleased to be joining the list of other distinguished companies on this premier stock exchange."

Stage Stores Inc brings nationally recognized brandname apparel, accessories, cosmetics and footwear for the entire family to small and mid-size towns and communities through 550 stores located in 31 states.

The Company operates under the Bealls, Palais Royal and Stage names throughout the South Central states, and under the Peebles name throughout the Midwestern, Southeastern, Mid-Atlantic and New England states.

Stage Stores Inc

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