Partial demerger

The partial demerger of Sampo was completed on 1 October 2023 and each Sampo shareholder has received one new share in Mandatum for each Sampo share they hold.

The demerger did not require any action from Sampo shareholders. The last day to buy Sampo shares for a shareholder to be entitled to receive Mandatum shares as a demerger consideration was 29 September 2023.

The first trading day for Mandatum on Nasdaq Helsinki was 2 October 2023. 

Questions and answers regarding the demergerinternal link

For Stockholm-listed Sampo SDR holders, please see the section “Information for SDR holders” on this page.

The acquisition cost of Sampo and Mandatum shares under the Finnish taxation

The Finnish Tax Administration has on 28 November 2023 published instructions for determining the acquisition cost of Sampo and Mandatum shares after the partial demerger. As a result, Sampo’s acquisition cost is 91.66 per cent and Mandatum’s 8.34 per cent of the original acquisition cost prior to the partial demerger. 

Example: If a shareholder acquired a Sampo share at cost of EUR 40.00 prior to the demerger, the acquisition cost would be EUR 36.66 for Sampo share and EUR 3.34 for Mandatum share. 

Please note that this applies only to shareholders who are generally liable to tax in Finland. Other shareholders should contact the Finnish Tax Administration or their local tax authorities for detailed tax advice.

Documents

Demerger prospectus and supplements

Access to the material is restricted for regulatory reasons. You are requested to confirm your country of residence to access the material.

Information for SDR holders

Sampo SDR holders will receive the demerger consideration on or around 9 October, if the SDR holder provides the required information to SEB, issuer and custody bank for the SDR arrangement, by 15.00 (CET) on Wednesday 4 October 2023.

Please, read the enclosed information document and the application form for more details.

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
16 Aug 2023   Supplement to the demerger prospectus was published
1 Sep 2023   Second supplement to the demerger prospectus was published
14 Sep 2023   Mandatum's Investor event
27 Sep 2023   Third supplement to the demerger prospectus was published
29 Sep 2023   Fourth supplement to the demerger prospectus was published
29 Sep 2023   Last day to buy Sampo shares for a shareholder to be entitled to receive Mandatum shares as a demerger consideration (previously, this was incorrectly announced to be 27 September 2023)
1 Oct 2023   The effective date of the partial demerger
2 Oct 2023   First trading day for Sampo share without Mandatum (previously, this was incorrectly announced to be 28 September 2023)
2 Oct 2023   Trading in Mandatum shares began

 

Financial Statements for 2020-2022

Financial reports

Updated