Royal Bank of Canada Converts SCO Series A-1 Preferred Stock to Common Stock.

The SCO Group has received a notice from Royal Bank of Canada to convert 10,000 shares of Series A-1 Convertible Preferred Stock into 740,740 shares of common stock. The conversion price is $13.50 per share, and the Series A-1 stock was purchased at $1,000 per share. This conversion is permitted under SCO's Certificate of Designation.