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Nestle SA (NSTR)

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Friday 27 June, 2008

Nestle SA

Share Split

RNS Number : 6979X
Nestle SA
27 June 2008
 

Official notification of SWX Swiss Exchange


No.:

Stock: 


Nestlé S.A., Cham and Vevey

                                                                                                   Sec. no.        ISIN                 Ticker symbol

  • Registered shares with a par value of CHF 1 each         1 205 604      CH 001 205604    7NESN
    (existing)

  • Registered shares with a par value of CHF 0.10 each     3 886 335      CH 003 886335    0NESN
    (
    new)

  • Registered shares with a par value of CHF 1 each         3 341 172       CH 003 341172   6NESNE
    (Share buy-back 2nd line) (
    existing)    

  • Registered shares with a par value of CHF 0.10 each    4 328 687       CH 004 328687   8NESNE
    (Share buy-back 2nd line) (
    new)


Split of the registered shares


Legal basis

On 10 April 2008 the Annual General Meeting of shareholders of Nestlé S.A. approved the proposal of the Board of Directors to split its 383,000,000 registered shares with a par value of CHF 1 each at a 1:10 ratio into 3,830,000,000 registered shares with a par value of CHF 0.10 each


Exchange ratio

1     existing registered share with a par value of CHF 1,
       share certificate without coupons  
       (security no. 1 205 604)

       will be exchanged into

10    new registered shares with a par value of CHF 0.10 each,
       share certificate without coupons
       (
security no. 3 886 335)


Certification / delivery of shares

As a matter of principle, the new registered shares will be held in custody at SIS SegaInterSettle AG ('SIS') as book-entry securities and will only be documented and made available in the form of share certificates on request (dematerialised certificates).


Trading/listing

The new registered shares with a par value of CHF 0.10 each will be listed in the 'EU-compatible' segment of SWX Swiss Exchange and admitted to trading in the EU Regulated Market Segment of SWX Europe Limited as from 30 June 2008. 

The listing of the existing registered shares with a par value of CHF 1 each in the 'EU-compatible' segment of SWX Swiss Exchange and the trading in the EU Regulated Market Segment of SWX Europe Limited will end on 27 June 2008 (last trading day). 


Exchange period

The period for the exchange of share certificates will begin on 30 June 2008 and end on 31 July 2008.

Procedure for shareholders

For shares held in custody at a bank

The custodian bank will automatically carry out the split for registered shares held in an open custody account.

For shares held in the Nestlé S.A. Share Deposit

The share split will be automatically carried out for registered shares held in the Nestlé S.A. share deposit.

For shares held by investors

Shareholders who hold their shares at home or in a bank safe are requested to convert the registered share certificates by 31 July 2008 at the latest by contacting the Share Register (Address: Share Transfer Office of Nestlé S.A., P.O. Box 380, CH-6330 Cham, Switzerland).

Registration in the Share Register

Existing registered shareholders will automatically remain registered in the Share Register with the number of shares they hold after the split.

Fees

The split of the existing registered shares is free of charge for shareholders in Switzerland.


Date:    27 June 2008

Bank:    Credit Suisse

Contact:    Peter Huber

Tel:    044 333 43 49


This information is provided by RNS
The company news service from the London Stock Exchange
 
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