81.   The company also said it plans to allow holders of preference shares to convert them to ordinary shares at a more favorable rate than previously available.

82.   The company also said it wants to double its ordinary shares.

83.   The company plans to sell the stock in the form of American depository shares, with each ADS representing three ordinary shares.

84.   The Gallaher ordinary shares will trade on the London Stock Exchange.

85.   The Gallaher ordinary shares will trade on the London Exchange.

86.   The ordinary share rights issue will proceed once the merger with Metway has been concluded.

87.   The new ordinary shares will be sold as American depositary receipts, with each ADR representing seven shares.

88.   The preferred shares may have a bit more room to rise, eventually reaching the same price as the ordinary shares, he said.

89.   The ordinary shares will be traded on the London Stock Exchange and the ADRs will be traded in New York.

90.   The sale also involves a payment from DSM to the government to convert ordinary shares into cumulative preference shares.