HELSINKI - Finnish financial services group Sampo Oyj announced a 4-for-1 stock split today, following a board decision. The split, a gratuitous share issue, will occur on a pro-rata basis for shareholders recorded on the tally date of Tuesday, February 12, 2025. This move comes under the authorization granted by the shareholders at the annual meeting on April 25, 2024.
In the split, for each A share owned, shareholders will receive four new A shares, and similarly, for each B share, four new B shares will be distributed. This issuance will introduce approximately 2.15 billion new A shares and 800,000 new B shares, bringing the total number of Sampo shares to roughly 2.69 billion.
The new shares are expected to be registered in the trade register around February 12, 2025, and will be issued as book-entry securities through Euroclear Finland Oy’s system. They will also be registered, as applicable, as Swedish depositary receipts in Euroclear Sweden AB’s ledger and as share rights in VP Securities A/S’s registry in Denmark.
Trading of the new A shares is anticipated to commence on the Helsinki, Stockholm (as Swedish depositary receipts), and Copenhagen (as share rights) stock exchanges around Wednesday, February 13, 2025. The Swedish depositary receipts are expected to be available in accounts registered with Euroclear Sweden AB by Thursday, February 14, 2025.
Shareholders are not required to take any action to receive the new shares, and the split will not affect Sampo’s ISIN codes. This strategic decision is part of Sampo’s effort to enhance the liquidity of its shares and make them more accessible to a broader range of investors.
The information for this article is based on a press release statement from Sampo Oyj.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.