Conoco Offers Direct Stock Purchase and Dividend Reinvestment Plan.HOUSTON--(BUSINESS WIRE)--Nov. 4, 1999-- Conoco (NYSE NYSE See: New York Stock Exchange :COCA) (NYSE:COCB) today announced the availability of CONOCO CONNECTION, a Direct Stock Purchase and Dividend Reinvestment Plan Dividend Reinvestment Plan (DRP) Plan which provides for automatic reinvestment of shareholder dividends in more shares of a company's stock, often without commissions. Some plans provide for the purchase of additional shares at a discount to market price. that enables investors to conveniently and economically purchase Conoco common stock. CONOCO CONNECTION is administered by Conoco's transfer agent, First Chicago Trust Company of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , a division of EquiServe. Current registered Class A and Class B stockholders will receive enrollment material shortly. Others may request a prospectus and enrollment material by contacting EquiServe at 1-800-483-0294 or on the Internet through www.equiserve.com or www.conoco.com/investor/connection/. CONOCO CONNECTION enables participants to: -- Purchase Conoco Class B common stock for the first time with a minimum cash investment of $250 by check, money order or through automatic withdrawal from a bank account. After an initial $10 fee for new investors, additional purchases can be made at no cost. -- Build on their investment over time in the class of stock owned, Class A and/or Class B, through the reinvestment Reinvestment Using dividends, interest and capital gains earned in an investment or mutual fund to purchase additional shares or units, rather than receiving the distributions in cash. 1. In terms of stocks, it is the reinvestment of dividends to purchase additional shares. of dividends or by making additional purchases without paying fees or brokerage commissions. -- Make transfers or gifts of Conoco stock at no charge. -- Reinvest re·in·vest tr.v. re·in·vest·ed, re·in·vest·ing, re·in·vests To invest (capital or earnings) again, especially to invest (income from securities or funds) in additional shares. all, part or none of their dividends. -- Sell their Conoco shares through the plan simply by calling a toll-free number. "CONOCO CONNECTION enhances the level of service Conoco can provide to its existing and potential stockholders, and is a further indication of our commitment to providing value to our stockholders," said Archie Dunham, chairman, president and chief executive officer. This press release is not an offer to sell or solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy Conoco stock. The offering is made only by means of a prospectus containing the detailed terms of CONOCO CONNECTION. A copy of the prospectus relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the offering will be mailed to registered stockholders, and others may contact EquiServe as mentioned above. Conoco is a major, integrated energy company based in Houston and active in 40 countries. |
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