Sampo Announces Exchange Offer To Shareholders Of Topdanmark
June 17 (Reuters) -Sampo Oyj SAMPO.HE:
REG-INSIDE INFORMATION: SAMPO ANNOUNCES A RECOMMENDED BEST AND FINAL PUBLIC EXCHANGE OFFER TO THE SHAREHOLDERS OF TOPDANMARK
BOARD OF DIRECTORS OF TOPDANMARK WILL UNANIMOUSLY RECOMMEND TOPDANMARK SHAREHOLDERS TO ACCEPT OFFER WHEN MADE
TOPDANMARK SHAREHOLDERS WILL RECEIVE 1.25 NEWLY ISSUED SAMPO A SHARES IN EXCHANGE FOR EACH SHARE HELD IN TOPDANMARK
OFFER REPRESENTS A VALUE PER TOPDANMARK SHARE OF DKK 366.38, VALUING ENTIRE OUTSTANDING SHARE CAPITAL OF TOPDANMARK AT DKK 33 BILLION
CONSIDERATION REPRESENTS A PREMIUM OF 27 PER CENT TO CLOSING SHARE PRICE OF TOPDANMARK ON NASDAQ COPENHAGEN ON 14 JUNE 2024
INTENDS TO RAISE ITS TARGET FOR DEPLOYABLE CAPITAL GENERATION OVER 2024-2026 FROM MORE THAN EUR 4 BILLION TO OVER EUR 4.5 BILLION
INTENDS TO IMMEDIATELY DEPLOY EUR 800 MILLION TO OFFSET SHARE COUNT DILUTION FROM TRANSACTION
LAUNCH OF A SHARE BUY-BACK PROGRAMME AND POTENTIAL SQUEEZE-OUT OF TOPDANMARK MINORITY SHARES
Source text for Eikon: ID:nGNEY6BMn
Further company coverage: SAMPO.HE
(Gdansk Newsroom)
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