SAMPO PLC STOCK EXCHANGE RELEASE 15 November 2022 at 9:30 am EST
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SINGAPORE, SOUTH AFRICA, SWITZERLAND OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS.
Sampo has received approvals for the dual listing on Nasdaq Stockholm
Sampo plc has received approval from Nasdaq Stockholm to proceed with a dual listing on Nasdaq Stockholm. Trading is anticipated to begin on 22 November 2022 and Sampo has at the moment revealed a listing prospectus, accredited and registered by the Swedish Financial Supervisory Authority, at the firm’s web site at www.sampo.com/duallisting.
The dual listing and buying and selling on Nasdaq Stockholm shall be carried out in Swedish Depositary Receipts (SDRs), and for that goal, Sampo has appointed Skandinaviska Enskilda Banken AB (SEB) as issuer of the SDRs and custody financial institution for the SDR association. The dual listing doesn’t require any motion from Sampo’s present shareholders, except they wish to convert their Nasdaq Helsinki listed Sampo A shares to SDRs. Pursuant to Finnish legislation, Finnish authorized and pure individuals are usually not entitled to personal SDRs.
Holders of Sampo A shares will be capable to convert their Sampo A shares to SDRs, and holders of SDRs will be capable to convert their SDRs into Sampo A shares, in accordance with the General Terms and Conditions for the Swedish Depository Receipts in Sampo (SDR General Terms and Conditions). The SDRs are ruled by the SDR General Terms and Conditions that are summarized in the listing prospectus and can be found of their entirety on Sampo’s web site at www.sampo.com/duallisting. Holders who want to convert Nasdaq Helsinki listed Sampo A shares into SDRs, or vice versa, ought to liaise with their financial institution or dealer to execute the conversion along with SEB.
During a interval of 14 calendar days from and together with the first day of buying and selling in SDRs on Nasdaq Stockholm, the conversion charges charged by Euroclear Sweden and SEB as issuer of the SDRs for changing Sampo A shares to SDRs shall be paid by Sampo. Any further charges or prices charged by the shareholders’ personal service suppliers shall be borne by the shareholders.
Pursuant to a market maker and liquidity supplier association, SEB shall quote bid and ask costs constantly, for its personal account, concerning the SDRs throughout regular buying and selling hours of Nasdaq Stockholm. For every buying and selling day, costs shall be quoted throughout not less than 85 per cent of the steady buying and selling. Under regular buying and selling situations the most distinction between the bid and ask costs (unfold) shall be 2 per cent (or 4 per cent throughout Stressed Market Conditions, as outlined in the Nasdaq Nordic Member Rules relevant every so often) calculated from the bid value, and the intention is to maintain a diffusion that’s not more than 0.50 per cent wider than the unfold of the Sampo A share traded on Nasdaq Helsinki. SEB shall throughout regular buying and selling situations quote bid and ask costs every in a minimal measurement of not less than SEK 50,000.
Sampo won’t elevate new capital or make any providing as a part of the dual listing on Nasdaq Stockholm. ABG Sundal Collier and Nordea are performing as monetary advisors and Hannes Snellman as authorized advisor to Sampo along side the dual listing.
Sampo disclosed on 8 September 2022 that it was evaluating a dual listing on Nasdaq Stockholm. On 2 November 2022, Sampo communicated that it was continuing with the dual listing.
SAMPO PLC
Investor Relations and Group Communications
For additional data, please contact:
Sami Taipalus
Head of Investor Relations
tel. +358 10 516 0030
Media enquiries:
Maria Silander
Communications Manager, Media Relations
tel. +358 10 516 0031
Distribution:
Nasdaq Helsinki
London Stock Exchange
The principal media
Financial Supervisory Authority
www.sampo.com
IMPORTANT INFORMATION
None of the data contained herein represent a suggestion to promote, or the solicitation of a suggestion to purchase or purchase, any shares, SDRs, rights or different securities of Sampo in any jurisdiction in anyway, together with however not restricted to, Finland, Sweden, and different member states of the European Economic Area. The data contained herein has been furnished solely for the goal of speaking about the listing and buying and selling in Sampo A shares in the type of SDRs on Nasdaq Stockholm.
The data contained herein isn’t a suggestion for sale of securities in the United States. The shares, SDRs, rights or different securities of Sampo referred to haven’t been and won’t be registered beneath the U.S. Securities Act of 1933, as amended, and will not be provided or offered in the United States absent registration or an relevant exemption from registration thereunder.
The data contained herein isn’t supposed for, and should not be accessed by, or distributed or disseminated to, individuals resident or bodily current in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or Switzerland, and don’t represent a suggestion to promote or the solicitation of a suggestion to purchase or purchase, any shares, SDRs, rights or different securities of the Sampo in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or Switzerland or some other nation through which it might be opposite to the legal guidelines and rules of that nation.
