Sampo plc Announces Direct Listing of A Shares
Sampo plc has recently made headlines with its significant decision to convert its Swedish Depositary Receipts for a direct listing of its A Shares on Nasdaq Stockholm. This action, designed to streamline its trading arrangements, marks a pivotal milestone in Sampo's ongoing strategy to enhance shareholder value and market access.
Transition from SDRs to Direct Listing
The company will officially request the termination of its existing Swedish Depositary Receipt (SDR) arrangement and seek approval to list its A Shares directly on Nasdaq Stockholm. This move affects all issued and outstanding SDRs, which will be converted into A Shares as part of the listing process.
Background on SDRs
Sampo's A Shares have been available through SDRs on Nasdaq Stockholm since November 2022, with Svenska Enskilda Banken AB (SEB) acting as the issuer and market maker. The decision to switch to a direct listing comes after Euroclear Sweden's recent policy change that allows for direct listings from selected jurisdictions, including Finland.
Benefits of the Direct Listing
This transition brings several benefits. By moving to a direct listing, Sampo aims to enhance liquidity in the Swedish market for its A Shares while also offering shareholders an opportunity to exercise their rights without intermediaries. Additionally, the direct listing provides a more uniform structure across Sampo's listings, reinforcing its presence in the Nordic region.
Key Advantages for Shareholders
Sampo's Board of Directors acknowledges that transitioning to the direct listing will not only improve liquidity but also reduce trading costs. The smaller tick size on Nasdaq Stockholm compared to the existing SDR structure will better serve current shareholders and attract potential investors.
Important Dates in the Transition
Several key dates have been outlined to guide stakeholders through this conversion process. On or about 13 February 2026, trading in the SDRs will cease, followed by the first day of trading in A Shares on Nasdaq Stockholm on or about 16 February 2026. On or about 19 February 2026, A Shares will be delivered to the SDR holders.
Future Communications
Sampo is committed to keeping its investors informed and will publish a formal termination notice as well as ongoing updates regarding the listing. This proactive communication aims to ensure that shareholders are well-prepared for the upcoming changes.
Company Contact Information
For further inquiries and information, shareholders and interested parties can reach out to Sami Taipalus, Head of Investor Relations, at +358 10 516 0030.
Frequently Asked Questions
What prompted Sampo plc to switch from SDRs to a direct listing?
Sampo plc's decision stems from the new policy by Euroclear Sweden, which allows direct listings from Finland, aiming to enhance liquidity and shareholder rights.
When will the SDRs be delisted and converted into A Shares?
The last day of trading for SDRs is planned for around 13 February 2026, with the conversion into A Shares occurring soon thereafter.
How will this change affect current SDR holders?
Current SDR holders will have their holdings converted to A Shares, which allows them to exercise shareholder rights directly without needing an intermediary.
What are the benefits of the direct listing for Sampo?
The direct listing enhances liquidity, offers a smaller tick size for trading, and creates a more uniform Nordic listing structure.
Who can I contact for more information about this listing transition?
For more details, you can contact Sami Taipalus, Head of Investor Relations, at +358 10 516 0030.
