Dixons says €99.6 million more of exchangeable converted to Wanadoo stock

New York, April 7 - Dixons Group plc said that holders of a further €99.613 million of its 1% bonds exchangeable into Wanadoo SA stock have exercised the conversion option.

As a result, €75.831 million remains outstanding.

Dixons said on April 1 that holders of €46.552 million or 18% of the outstanding €260 million principal amount of the exchangeables had converted them to Wanadoo stock and on April 5 that a further €38.004 million had been exchanged.

Dixons noted in a news release that France Telecom SA has made a public offer for the shares of Wanadoo.

Under the terms of the bonds, Dixons may accept any option available to the public but is not required to do so. The company added that it is not making a recommendation as to the action bondholders should take.

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