Stage Stores, Inc. Files Application to List on the New York Stock Exchange; New Symbol to Become ''SSI''
27 February 2006 - 10:00PM
Business Wire
Stage Stores, Inc. (NASDAQ:STGS) announced today 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, "Our move to the New York Stock Exchange
highlights the growth and progress that we have made since our
emergence from bankruptcy almost five years ago, in August of 2001.
We view this move as a significant event for our company, and one
that is consistent with our goal of enhancing shareholder value.
Although we have enjoyed an excellent relationship with NASDAQ, we
believe that our listing on the New York Stock Exchange will
increase our Company's visibility, reduce trading volatility, and
offer more efficient pricing. We are pleased to be joining the list
of other distinguished companies on this premier stock exchange."
Stage Stores, Inc. brings nationally recognized brand name 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. For more information about Stage Stores,
visit the Company's web site at www.stagestores.com. "Safe Harbor"
Statement This news release contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995, including comments regarding the anticipated timing of the
listing of the Company's Common Stock on the New York Stock
Exchange. The Company intends forward looking terminology such as
"believes," "expects," "may," "will," "should," "could,"
"anticipates," "plans" or similar expressions to identify
forward-looking statements. Such statements are subject to certain
risks and uncertainties which could cause the Company's actual
results to differ materially from those anticipated by the
forward-looking statements. These risks and uncertainties include,
but are not limited to, those described in the Company's Annual
Report on Form 10-K as filed with the Securities and Exchange
Commission (the "SEC") on April 28, 2005, in the Company's
Quarterly Reports on Form 10-Q as filed with the SEC and other
factors as may periodically be described in other Company filings
with the SEC.
Stage Stores (NASDAQ:STGS)
Historical Stock Chart
From Jun 2024 to Jul 2024
Stage Stores (NASDAQ:STGS)
Historical Stock Chart
From Jul 2023 to Jul 2024
Real-Time news about Stage Stores (MM) (NASDAQ): 0 recent articles
More Stage Stores, Inc. News Articles