Glancy Prongay & Murray LLP (“GPM”) announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York (Docket Number 1:17-cv-09853) on behalf of persons and entities that acquired Signet Jewelers Limited (“Signet” or the “Company”) (NYSE: SIG) securities between August 24, 2017, and November 21, 2017, inclusive (the “Class Period”), asserting claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

Investors are hereby notified that they have 60 days from the date of this notice to move the Court to serve as lead plaintiff in this action.

Investors suffering losses on their Signet investments are encouraged to contact Lesley Portnoy of GPM to discuss their legal rights at 310-201-9150 or by email to shareholders@glancylaw.com, or visit the Signet case page on our website at www.glancylaw.com/case/signet-jewelers-limited.

On November 21, 2017, Signet issued a press release disclosing that its Q3 2017 same store sales were down five percent, in part due to “systems and process disruptions associated with outsourcing of the credit portfolio.” On a conference call held the same day, Defendant Virginia C. Drosos (“Drosos”), Signet’s Chief Executive Officer (“CEO”) stated that “disruptions in our systems and processes during our credit outsourcing transition . . . impacted our comp sales by sixty basis points.” Drosos further stated that the disruptions were “primarily related to the conversion of IT systems and the magnitude of in-store process changes related to the new program.”

On this news, Signet’s share price fell $23.05 per share, or 30.4%, to close at $52.79 per share on November 21, 2017, thereby injuring investors.

The complaint filed in this class action alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose: (1) that the Company’s efforts to convert IT systems in connection with the credit portfolio transition were negatively impacting sales; (2) that the magnitude of in-store process changes related to the new credit program were negatively impacting sales; (3) that, as such, the Company was experiencing systems and process disruptions associated with the outsourcing of its credit portfolio; (4) that the disruptions were negatively impacting the Company’s performance; and (5) that, as a result of the foregoing, Defendants’ positive statements about Signet’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

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If you purchased Signet securities during the Class Period you may move the Court no later than 60 days from the date of this notice to ask the Court to appoint you as lead plaintiff. To be a member of the Class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the Class. If you wish to learn more about this action, or if you have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to shareholders@glancylaw.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

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