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On April 24, 2008 the Annual General Meeting of BASF SE resolved a two-for-one stock split. When will the stock split take place?
The amendment of the articles of association of BASF SE regarding the new number of shares has been recorded in the commercial register of the local court (Amtsgericht) Ludwigshafen am Rhein on May 29, 2008.
The reorganization of the stock exchange listing and of the number of shares held in custody accounts was proceeded on June 27, 2008.
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What does a two-for-one stock split mean to me as a stockholder?
It means that you were allocated an additional share for each BASF share held by you at the close of the exchange on June 26, 2008.
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My BASF shares are deposited in a securities deposit account. What do I have to do?
The additional BASF shares will be allocated to your securities deposit account automatically. Any expenses resulting from this allocation will be borne by BASF SE.
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I am holding definitive share certificates. What do I have to do?
Following the transformation into a European Company (SE), the share certificates of our company have become obsolete. Therefore, all share certificates bearing the name of "BASF Aktiengesellschaft" will be canceled and exchanged for shares exclusively held within the collective securities deposit system.
Shareholders keeping their share certificates themselves are requested to surrender such share certificates, during the period from June 27 to (and including) September 30, 2008 to any credit institution of their choice that maintains securities deposit accounts. Upon verification of the correctness of the share certificates so handed over, a credit entry will be made with respect to the shares (after the share split) in an existing or newly opened collective securities custody account in the name of the surrendering shareholder.
Shareholders whose shares are held in a jacket custody are requested to have their shares transferred to collective custody accounts maintained with their depository banks, taking into account the share split; any other steps required in connection with the exchange of shares will be taken by the depositary bank.
No action has to be taken by shareholders whose shares are held in a collective custody account with a credit institution.
No expenses will be incurred by our company's shareholders as a result of the surrender of the obsolete share certificates. The cost of maintaining a securities deposit account will not be borne by the company.
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Which are the tasks of the so-called exchange agent in connection with the surrendering of the obsolete share certificates?
BASF shares represented by individual or collective certificates can be surrendered during the period from June 27 to (and including) September 30, 2008 to an exchange agent or any other credit institution for passing on to an exchange agent. The exchange agents in Germany are all branches of Deutsche Bank AG.
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