99 Cents Gets Extension

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99 Cents Only Stores has received an extension from the New York Stock Exchange until April 2 to submit all of its regulatory filing or face delisting, the company announced Wednesday.


The City of Commerce-based retailer said that it expects to finish its accounting review of stock option grants in late January or February and expects to file any amendments shortly thereafter.


The company has already said it expects a charge of about $2.1 million to account for financial errors and its stock options practices from 1994 to 2004.


Shares in 99 Cents Only were down 12 cents to $12.30.

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