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On May 14, 2004, EMS announced the repurchase of 4% of the share capital of EMS-CHEMIE HOLDING AG for the purpose of capital reduction. The share repurchase was effected through negotiable put options, with 25 put options conferring the right to redeem one EMS registered share at the price of CHF 130.-- The put options were exercised on June 8, 2004. The final result of the repurchase is now known.