It holds 10 . 4 percent of the air carrier's ordinary shares and 14 . 6 percent of its cumulative preference shares.
12.
The cumulative preference shares will be created by a one-for-one conversion of 7 . 34 million ordinary shares before the government sells them.
13.
The 1996 figure takes into account that 20 percent of the shares were converted into cumulative preference shares on March 12 last year.
14.
DSM will pay the state 82 guilders per share, the difference between the price of an ordinary share and one of the cumulative preference shares.
15.
The number of ordinary shares fell because of a conversion into cumulative preference shares of part of the Dutch government's stake on a one-for-one basis.
16.
It's also " doubtful " it will pay a dividend on common shares or on cumulative preference shares due Dec . 31 and Jan . 31.
17.
Trafalgar said it's " doubtful " that it will pay ordinary dividends, or make payments on cumulative preference shares on Dec . 31 and Jan . 31.
18.
Holders of cumulative preference shares are entitled to dividends before owners of ordinary shares and get a dividend whose value is linked to Dutch government bond yields.
19.
The government's ordinary stock will be converted into cumulative preference shares on a 1-for-1 basis, in order to boost earnings per share, and sold to institutional investors.
20.
From Feb . 21, when DSM announced the government's stake would be converted into cumulative preference shares, the company's stock started achieving an almost continuous succession of records.
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