1. The cumulative preference shares will be priced at 70 guilders each. 2. The government will sell 7.34 million cumulative preference shares in DSM to institutional investors. 3. The government and DSM then will convert 7.34 million ordinary shares into cumulative preference shares . 4. The company said it had enough cash to retire 197, 921 convertible cumulative preference shares . 5. The government will sell 7 . 34 million cumulative preference shares in DSM to institutional investors. 6. The government and DSM then will convert 7 . 34 million ordinary shares into cumulative preference shares . 7. It holds 10.4 percent of the air carrier's ordinary shares and 14.6 percent of its cumulative preference shares . 8. The sale also involves a payment from DSM to the government to convert ordinary shares into cumulative preference shares . 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. 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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