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Sampo plc has finalised its dual listing process, enabling the trading in Sampo Swedish Depositary Receipts (SDRs) to begin on Nasdaq Stockholm today, 22 November 2022, under the short name (ticker) SAMPO SDB.
- Today marks an exciting new step on Sampo’s journey. We have delivered strong results for the first nine months of the year on the back of great momentum in our Nordic P&C insurance business, which benefits from our leading market position and operational capabilities. Combined with our robust balance sheet and commitment to enhancing capital efficiency, this enables us to generate attractive returns for shareholders. As a large and resilient insurance group, Sampo will be a unique asset on Nasdaq Stockholm, says Torbjörn Magnusson, Group CEO.
Sampo has appointed Skandinaviska Enskilda Banken AB (SEB) as issuer of the SDRs and custody bank for the SDR arrangement. During a period of 14 calendar days from and including the first day of trading in SDRs on Nasdaq Stockholm, the conversion fees charged by Euroclear Sweden and SEB as issuer of the SDRs for converting Sampo A shares to SDRs will be paid by Sampo. Any additional fees or costs charged by the shareholders’ own service providers will be borne by the shareholders.
The General Terms and Conditions for the SDRs and Sampo’s listing prospectus prepared in respect of the dual listing were published on 15 November 2022 and are available at www.sampo.com/duallisting.
The dual listing on Nasdaq Stockholm does not require any action from Sampo’s current shareholders, unless they would like to convert their Nasdaq Helsinki listed Sampo A shares to SDRs listed on Nasdaq Stockholm. Pursuant to Finnish law, Finnish legal and natural persons are not entitled to own SDRs.
The Nasdaq Stockholm dual listing does not have any impact on the total number of Sampo’s shares in issue and Sampo will not raise new capital or make any offering as part of the dual listing on Nasdaq Stockholm. ABG Sundal Collier and Nordea are acting as financial advisors and Hannes Snellman as legal advisor to Sampo in conjunction with the dual listing.
Investor Relations and Group Communications
For further information, please contact:
Head of Investor Relations
tel. +358 10 516 0030
Communications Manager, Media Relations
tel. +358 10 516 0031
The principal media
None of the information contained herein constitute an offer to sell, or the solicitation of an offer to buy or acquire, any shares, SDRs, rights or other securities of Sampo in any jurisdiction whatsoever, including but not limited to, Finland, Sweden, and other member states of the European Economic Area. The information contained herein has been furnished solely for the purpose of communicating about the listing and trading in Sampo A shares in the form of SDRs on Nasdaq Stockholm.
The information contained herein is not an offer for sale of securities in the United States. The shares, SDRs, rights or other securities of Sampo referred to have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration thereunder.
The information contained herein is not intended for, and must not be accessed by, or distributed or disseminated to, persons resident or physically present in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or Switzerland, and do not constitute an offer to sell or the solicitation of an offer to buy or acquire, any shares, SDRs, rights or other securities of the Sampo in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or Switzerland or any other country in which it would be contrary to the laws and regulations of that country.