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STADA securities
Official announcement to holders of STADA warrants of September 2000
(This is a non-binding translation of the original German version.)
Following the resolution adopted by the ordinary shareholders' meeting on June 19, 2000 to increase the company's share capital from its own funds and, at the same time, to carry out a ten-for-one stock split, the Conditions of Warrants governing warrants entitling holders to purchase ordinary registered shares (code no. 725 184) of STADA Arzneimittel AG and the Conditions of Warrants governing warrants entitling holders to purchase preferred bearer shares (code no. 725 185) of STADA Arzneimittel AG are to be amended as follows in accordance with the relevant Conditions of Warrants effective October 2, 2000:
Each option right conferred by one warrant for the purchase of the company's ordinary registered shares (code no. 725 184) will in future entitle the holder to purchase ten new ordinary registered shares of the company at a notional par value of EUR 2.60 per ordinary registered share. The previous threshold price of EUR 300 (section 1 (2) p. 2 of the Conditions of Warrants) now amounts to EUR 30. The option price of EUR 350 and the reduced option price of EUR 300 remain unchanged.
Each option right conferred by one warrant for the purchase of the company's preferred bearer shares (code no. 725 185) will in future entitle the holder to purchase ten new preferred bearer shares of the company at a notional par value of EUR 2.60 per preferred bearer share. The previous threshold price of EUR 149.31 (section 1 (2) p. 2 of the Conditions of Warrants) now amounts to EUR 14.93. The option price of EUR 159.54 and the reduced option price of EUR 149.31 will remain unchanged.
There are no further changes for warrant holders.
