Sampo proceeds with dual listing on Nasdaq Stockholm
Sampo plc’s Board of Directors has today decided to proceed with the dual listing on Nasdaq Stockholm, following the evaluation announced on 8 September 2022, with the aim to conclude the process and to commence trading on Nasdaq Stockholm in the second half of November.
- Nasdaq Stockholm is the largest and most liquid equity market in the Nordic countries. Based on our evaluation, the Board believes that a dual listing in Stockholm offers significant potential for increased demand for Sampo shares, particularly among Swedish domestic and index funds, and higher liquidity over the medium term, says Björn Wahlroos, Chair of the Board of Directors.
- We are excited to take the next step in this process. Following our increased focus on Sampo’s successful P&C insurance operations, along with our leading market position in the Nordics, and the ability to offer attractive capital returns, we believe that Sampo is an appealing investment for a broad range of investors, says Torbjörn Magnusson, Group CEO.
The next step in the dual listing process is for Sampo to attain approval from Nasdaq Stockholm regarding the dual listing and that the Swedish Financial Supervisory Authority approves the listing prospectus being prepared by Sampo. Sampo will provide updates on the status of the dual listing in due course. The dual listing process remains subject to suitable market conditions and approvals by Nasdaq Stockholm and the Swedish Financial Supervisory Authority.
Sampo will not raise capital or make any offering as part of the dual listing process. The dual listing on Nasdaq Stockholm will be carried out in the form of Swedish Depository Receipts (SDRs). To facilitate trading and enhance liquidity in the SDRs, Sampo plans to appoint SEB as issuer of the SDRs and as a market maker and liquidity provider in the SDRs.
Sampo has appointed Nordea and ABG Sundal Collier as financial advisors and Hannes Snellman as legal advisor in connection with the dual listing.
SAMPO PLC
Investor Relations and Group Communications
For further information, 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
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