HELSINKI - Sampo plc’s Board of Directors has announced a share split, issuing new shares to its shareholders without any consideration. This decision, taken today, follows the authorization from Sampo’s Annual General Meeting on April 25, 2024. The share split is structured as a share issue proportional to the current holdings of shareholders, with four new A shares and four new B shares to be issued for each existing share held.
The record date for the share issuance is set for February 12, 2025, when a total of 2,152,191,088 new A shares and 800,000 new B shares will be distributed. This action will raise Sampo’s total share count to 2,691,238,860.
The new shares are expected to be registered with the Finnish Trade Register around February 12, 2025. Once issued, these shares will be available as book-entries in the system maintained by Euroclear Finland Oy. Additionally, they will be registered as Swedish depository receipts with Euroclear Sweden AB and as share entitlements with VP Securities A/S in Denmark.
Trading of the new A shares is anticipated to begin around February 13, 2025, on Nasdaq Helsinki, Nasdaq Stockholm (as Swedish depository receipts), and Nasdaq Copenhagen (as share entitlements). However, the new Swedish depository receipts should be available in Euroclear Sweden accounts by approximately February 14, 2025.
Shareholders and holders of Swedish depository receipts are not required to take any action to receive the new shares. Moreover, the share split will not lead to any changes in Sampo’s ISIN codes.
This strategic move is designed to adjust the number of shares in circulation and is a common practice among publicly traded companies. It’s based on a press release statement and does not necessitate shareholder or depository receipt holder intervention.
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