STOCKHOLM, April 7, 2003 (PRIMEZONE) -- Pharmacia requested today that its shares be delisted from Stockholmsborsen due to the company's merger with Pfizer. The final date for trading in the shares will be Friday, April 11. Stockholmsborsen will offer trading in Pfizer shares, which will commence as soon as the exchange of depositary receipts in Pharmacia for Pfizer shares has been completed. According to the prospectus sent to Pharmacia shareholders, this will take approximately three weeks
As previously announced, Pfizer shares will be traded in the same manner as all of the other shares on the Exchange. However, the company's shares will not be listed on Stockholmsborsen. Trading will be conducted in Swedish kronor (SEK) via Stockholmsborsen's SAXESS(TM) trading system. Pfizer will be traded on the Xterna list, a new list for non- Swedish companies. To ensure that trading in Pfizer shares maintains satisfactory liquidity, a market maker will make buy and sell prices continuously available.
Pfizer's primary listing is on the New York Stock Exchange (NYSE:PFE). No agreement will exist between Stockholmsborsen and Pfizer. Among other effects, this will mean that Stockholmsborsen's regulations in regard to the disclosure of information to the Swedish market will not apply. Through an exchange message or a press release, Stockholmsborsen will provide information about the initial day of trading in Pfizer shares, as soon as the stock swap has been completed. For further information, please contact Torsten Ortengren, Head of Listing, tel +46 (0)8 405 70 40 Maria Andark, VP Corporate Communication, Stockholmsborsen, tel +46 (0)8 405 73 50
The banks and stockbrokers also have additional information about the special terms and conditions applying to holdings of Pfizer shares. More information about trading in Pharmacia and Pfizer shares is available on www.stockholmsborsen.se
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