Dixons sets new exchange ratio for Wanadoo exchangeable

New York, May 5 - Dixons Group plc said its 1% exchangeable bond issued by Woodstock Finance Ltd. will now exchange into 56.04 shares of France Telecom per €1,000 principal amount.

The security was previously exchangeable for Wanadoo SA stock.

Holders will also receive a share of any optional additional consideration received by Dixons for PagesJaunes.

Exchange rights for the Woodstock exchangeables resumed on May 4.

The change follows France Telecom's purchase of Wanadoo's stock.

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