| 1. | The cumulative preference shares will be priced at 70 guilders each.
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| 2. | The government will sell 7.34 million cumulative preference shares in DSM to institutional investors.
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| 3. | The government and DSM then will convert 7.34 million ordinary shares into cumulative preference shares.
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| 4. | The company said it had enough cash to retire 197, 921 convertible cumulative preference shares.
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| 5. | The government will sell 7 . 34 million cumulative preference shares in DSM to institutional investors.
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| 6. | The government and DSM then will convert 7 . 34 million ordinary shares into cumulative preference shares.
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| 7. | It holds 10.4 percent of the air carrier's ordinary shares and 14.6 percent of its cumulative preference shares.
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| 8. | The sale also involves a payment from DSM to the government to convert ordinary shares into cumulative preference shares.
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| 9. | The cumulative preference shares will be created by a one-for-one conversion of 7.34 million ordinary shares before the government sells them.
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| 10. | Many of the 600 or so subscribers for ?0, 000 cumulative preference shares of 6 % rising to 10 % were farmers.
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