They received one new share for every eight of the old.

The company plans to sell new shares to its employees over the next five years.

The company has authority to issue only 350 million new shares.

The new shares would be about 25 percent of the company's outstanding common stock.

Instead, it would have received an option to buy new shares.

The price of the new shares will be determined later.

To get the necessary funds, it needed to issue new shares.

The company sold 20 million new shares at 58 1/4.

The offer is one new share for every 3 held, priced at 205p.

The price for new shares will be announced in the beginning of May, the company said.