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CIBA-GEIGY PRICES SHARES TO BE ISSUED IN CONNECTION WITH CAPITAL INCREASE

 CIBA-GEIGY PRICES SHARES TO BE ISSUED IN CONNECTION WITH
 CAPITAL INCREASE
 BASEL, Switzerland, April 28 /PRNewswire/ -- CIBA-GEIGY Limited today announced that its board of directors has determined the price of the shares to be issued on exercise of subscription rights and bonus options in connection with the capital increase to be voted on at the company's annual general meeting on May 6, 1992, as follows:
 -- Subscription rights: One new registered share for every 25 existing shares and/or participation certificates at a subscription price of 2,400 Swiss francs for one new registered share of 100 Swiss francs par value.
 -- Exercise price of the options: Share and participation certificate holders will receive one bonus option for each existing share or participation certificate. Seventy bonus options will entitle the holder during the period from June 4, 1992, to June 6, 1995, to purchase one new registered share at a price of 3,800 Swiss francs for each new registered share of 100 Swiss francs par value.
 -0- 4/28/92
 /CONTACT: Fern Lazar or Debra Wasser of Dewe Rogerson, in New York, 212-688-6840, for CIBA-GEIGY/ CO: CIBA-GEIGY Limited ST: IN: MTC SU:


GK-SM -- NY071 -- 3774 04/28/92 12:02 EDT
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Publication:PR Newswire
Date:Apr 28, 1992
Words:200
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