ABB share split to take effect May 7, 2001

Zurich, Switzerland, May 2, 2001 – ABB said today that the share split approved by shareholders earlier this year will take effect on May 7, 2001. The split is aimed at improving the liquidity of the ABB share.

Shareholders approved the 4-to-1 split at the company’s annual general meeting on March 20. As a result, each registered ABB Ltd share with a nominal value of CHF 10 will be split into four shares, each with a nominal value of CHF 2.50.

Trading in the new share (ISIN code 001 222 1716) will begin on May 7 on the SWX Swiss Exchange, and the stock exchanges in Frankfurt, Stockholm and New York (where the share trades in the form of an American Depositary Share, or ADS).

Currently, four ADSs represent one ABB Ltd ordinary share. After the split, one ADS will represent one ordinary share. In London, the trading of the new shares will begin on May 8. The last day for trading the non-split share is Friday, May 4, 2001.

After the split, ABB will have 1,200,009,432 outstanding shares.

ABB (www.abb.com) serves manufacturing, process and consumer industries, utilities, the oil and gas markets, with 160,000 employees in more than 100 countries.

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