USA: Genesco Announces Voluntary Odd-Lot Program For Common Stock
Footwear retailer Genesco Inc (NYSE: GCO) has announced a voluntary program to allow shareholders owning fewer than 100 shares of Genesco common stock either to sell all of their shares or purchase enough additional shares to increase their holdings to 100 shares. Participating shareholders will receive or pay a market-based price per share, which will be uniformly applied during the program period. The program is effective from July 17, 2000 until August 21, 2000, unless extended by the company.Genesco will pay the commission and all processing charges on the sale or purchase of shares in the program. The program is being administered by Georgeson Shareholder Communications Inc. Materials containing the official terms of the program will be mailed to eligible shareholders and may be obtained by contacting Georgeson Shareholder Communications Inc. at (800) 498-3032. Participants should also direct questions regarding the program to Georgeson Shareholder Communications Inc.Genesco, based in Nashville, operates 724 footwear retail stores in the US, principally under the names Journeys, Johnston & Murphy and Jarman. The company also sells footwear at wholesale under its Johnston & Murphy brand and under the licensed Dockers and Nautica brands. Additional information on Genesco and its operating divisions may be accessed at its website
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