Reduction of the share capital 1996

Reduction of the share capital 1996

27.09.1996 

In compliance with the motion, adopted at the general meeting on August 21, 1996, EMS-CHEMIE HOLDING AG will reduce the share capital by CHF 1'369'250.-- to CHF 30'000'000.-- by liquidating 27'385 bearer shares.

The shareholders did not make use of the possibility to offer upto 27'385 bearer shares - until November 26, 1996, 17.00 h - to EMS-CHEMIE HOLDING AG for repurchase at a price not exeeding CHF 5'050.-- per share. Therefore, EMS-CHEMIE HOLDING AG acquired the 27'385 bearer shares at a price of CHF 5'050.-- each through exercising the OTC-OPTIONS already purchased.