SAP A.G. Message Board - Msg: 3946695

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Technology Stocks : SAP A.G.

SAP 226.87

-2.9%

Jan 20 3:59 PM EST

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To: Bush Hogger who wrote (604)	4/3/1998 11:42:00 AM
From: Anita Backus	Read Replies (1) of 3424

The following is clipped from SAP's website at www.sap.com (you might want to check it out). New York Stock Exchange Listing Preparations for an early August listing on the New York Stock Exchange (NYSE) are on schedule. The ADRs will be traded under the ticker symbol "SAP". In conjunction with the US listing, the ratio of ADRs to preferred shares (which is presently 3 ADRs to 1 SAP preferred share) will be changed to 12 ADRs to 1 preferred share. In addition, on April 6, the German Stock Exchange symbol for SAP shares will change to "SAP". So, the shares will trade under the symbol SAP once they're on the NYSE. Existing shareholders should get 4 new shares for every one. Hope that helps.

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