
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
Demerger prospectus
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CVs of the proposed Board members of the new company (Mandatum plc)
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 |
* estimated date
Financial Statements for 2020-2022
Financial reports
Releases and Q&A
In English
- Stock exchange release, 29 Mar 2023: Mandatum strategic review: The Board of Sampo plc proposes a demerger
- IR Blog: Proposed separation of Mandatum through a partial demerger - Q&A, 29 Mar 2023
- Stock exchange release, 30 Mar 2023: Demerger plan of Sampo plc registered in Finnish Trade Register
På svenska
- Pressmeddelande, 29 mars 2023: Mandatums strategiska utvärdering: Styrelsen för Sampo Abp föreslår en delning
Updated