francesca’s® Announces Reverse Stock Split
FRANCESCAS HOLDINGS (FRAN)
Last francescas holdings earnings: 5/3 07:30 am
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US:NASDAQ Investor Relations:
investors.francescas.com/investor-relations
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Source: GlobeNewswire
HOUSTON, June 28, 2019 (GLOBE NEWSWIRE) -- Francesca’s Holdings Corporation (Nasdaq: FRAN) today announced that its Board of Directors approved a reverse stock split of the Company’s common stock at a ratio of 12-to-1. Earlier on June 28, 2019, at the Company’s 2019 annual meeting of stockholders, the Company’s stockholders approved a reverse stock split of the Company’s common stock at a ratio not less than 5-to-1 and not greater than 35-to-1. The reverse stock split is expected to be effective after market close on July 1, 2019 (the “Effective Time”). The Company’s common stock is expected to begin trading on a split-adjusted basis on The Nasdaq Stock Market LLC (“Nasdaq”) at market open on July 2, 2019 under the new CUSIP number: 351793 203. The trading symbol for the Company’s common stock will remain “FRAN.” At the Effective Time, every twelve (12) issued shares of the Company’s common stock will be converted into one (1) share of the Company’s common stock. Once effective, th
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