Partial demerger

Sampo’s Annual General meeting held on 17 May 2023 approved the Board’s proposal to separate Mandatum from Sampo Group through a partial demerger.

On 7 December 2022, the Board of Directors of Sampo plc announced a strategic review of Mandatum’s role within the Group. Following an assessment of options, the Board resolved on 29 March 2023 to propose a partial demerger of Sampo plc to separate Mandatum from the Sampo Group. The Annual General Meeting held on 17 May 2023 approved the proposal.

In the demerger, all of the shares in Mandatum Holding Ltd (a wholly-owned direct subsidiary of Sampo plc) and related assets and liabilities will transfer without a liquidation procedure to Mandatum plc, a company to be incorporated in the demerger on the effective date, which is expected to be 1 October 2023, as set forth in the demerger plan.

As demerger consideration, Sampo shareholders would receive one new share in Mandatum plc, the company to be incorporated in the demerger on the effective date, which is expected to be 1 October 2023, for each existing series A or series B share in Sampo plc. Mandatum would only have one share class. Shares in Mandatum would be admitted for trading on Nasdaq Helsinki.

The demerger prospectus for Mandatum was published on 10 May 2023.

Documents

The proposal on the partial demerger of Sampo plcPDF

Investor presentationPDF

The demerger planPDF

Statement by the Board of DirectorsPDF

Demerger prospectus

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CVs of the proposed Board members of the new company (Mandatum plc)

Markus Aho (PDF)

Jannica Fagerholm

Kimmo Laaksonen (PDF)

Johanna Lamminen

Patrick Lapveteläinen

Jukka Ruuska (PDF)

Important dates

31 Mar 2023		Notice to the AGM was published
11 Apr 2023		Registration to the AGM began
10 May 2023		Registration to the AGM ended
10 May 2023		Demerger prospectus was published
17 May 2023		Annual General Meeting
1 Oct 2023*		The effective date of the partial demerger
2 Oct 2023*		Trading in Mandatum shares begins