New shares of Stockmann registered with the Finnish Trade Register

STOCKMANN plc, Other information disclosed according to the rules of the Exchange, 22.6.2023 at 09:30 EEST

 

New shares of Stockmann registered with the Finnish Trade Register

 

As previously announced by Stockmann plc (“Stockmann” or the “Company”), the Board of Directors of the Company has decided to issue 2,835,349 new shares of the Company (the “Conversion Shares”) in deviation from the shareholders’ pre-emptive subscription rights to such creditors of the Company whose previously conditional or disputed restructuring debts under the Company's restructuring programme approved by the Helsinki District Court on 9 February 2021 (as amended, the “Restructuring Programme”) have been confirmed to their final amount by 24 May 2023 (the “Share Issue”) and has approved the subscriptions made in the Share Issue. Stockmann announced the Share Issue on 21 June 2023.

 

The total of 2,835,349 Conversion Shares subscribed for in the Share Issue have been registered in the trade register maintained by the Finnish Patent and Registration Office today on 22 June 2023. Following the registration of the Conversion Shares, the total number of issued shares in the Company is 158,715,555.

 

The Conversion Shares will confer same rights as the Company’s other shares, including a right to dividends and other shareholder rights, as of their registration in the Finnish Trade Register and recording on the book-entry accounts of the subscribers. The recording on the book-entry accounts of the subscribers is expected to take place on or about 27 June 2023. Trading with the Conversion Shares is expected to commence on or about 27 June 2023 under the trading code “STOCKA”.

 

Further information:
Jukka Naulapää, Chief Legal Officer, tel. +358 50 389 0013

 

www.stockmanngroup.com

 

STOCKMANN plc

 

Susanne Ehnbåge
CEO

 

Distribution:
Nasdaq Helsinki
Principal media