HELSINKI - Finnish financial company Sampo plc has successfully registered the new shares issued in its previously announced share split with the Finnish Trade Register. This development follows the company’s Board of Directors’ resolution on February 5, 2025, to execute a share split by issuing new shares to existing shareholders without consideration.
Shareholders of record as of today will receive four additional A or B shares for each share they held, resulting in a fivefold increase in the number of Sampo shares they own. Sampo has issued 2,152,191,088 new A shares and 800,000 new B shares in the split, bringing the total share count to 2,691,238,860. The total number of A shares now stands at 2,690,238,860 with an equal number of votes, while the B shares total 1,000,000 with 5,000,000 votes attached.
Trading of the new A shares on Nasdaq Helsinki, Nasdaq Stockholm (as Swedish depository receipts), and Nasdaq Copenhagen (as share entitlements) is anticipated to begin on or about tomorrow. The availability of new Swedish depository receipts in Euroclear Sweden is expected around February 14, 2025. Sampo has assured shareholders and holders of Swedish depository receipts that no action is required on their part in relation to the share split.
The share split is a structural change that does not alter the company’s ISIN codes. As a result of the split, the liquidity of Sampo’s shares is expected to improve, making them more accessible to a broader range of investors.
This move is part of Sampo’s ongoing efforts to enhance shareholder value and reflects the company’s stable financial position. The information provided in this article is based on a press release statement from Sampo plc.
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