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By John Oates
Published: 13 January 2000 15:59 GMT
Dixons Store Group (DSG) has announced a four-way stock split and the full spin-off of its ISP Freeserve.
DSG share holders will get four shares for every one they currently own and a 25p payment.
The company said in a statement that the reason for the restructuring was to "separate Dixons' retail and property businesses, and Freeserve into two distinct sub-groups".
Dixons shares fell 20 per cent after it announced its annual results yesterday and warned of increasing pressure on the prices of electronic goods.
The company blamed supermarkets and the Internet for increasingly pushing prices down. Despite increasing sales by 27 per cent over Christmas, margins fell 0.7 per cent.
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