New shares of Stockmann registered with the Finnish Trade Register

STOCKMANN plc, Other information disclosed according to the rules of the Exchange 26.1.2024 at 11:00 EET

 

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 307,489 new shares of the Company (the “Conversion Shares”) in deviation from the shareholders’ pre-emptive subscription rights to a creditor of the Company whose previously conditional or disputed restructuring debt under the Company's restructuring programme approved by the Helsinki District Court on 9 February 2021 (as amended, the “Restructuring Programme”) has been confirmed to its final amount by 9 November 2023 (the “Share Issue”) and has approved the subscription made in the Share Issue. Stockmann announced the Share Issue on 25 January 2024.

 

The total of 307,489 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 26 January 2024. Following the registration of the Conversion Shares, the total number of issued shares in the Company is 159,023,044.

 

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 30 January 2024. Trading with the Conversion Shares is expected to commence on or about 30 January 2024 under the trading code “STOCKA”.

 

STOCKMANN plc

 

Susanne Ehnbåge
CEO

 

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

 

Distribution:
Nasdaq Helsinki
Principal media

Stockmann Group is an international omnichannel retail group with two divisions: Lindex and Stockmann. Lindex is a global fashion company with a purpose to empower and inspire women everywhere. It is a market leader in lingerie in the Nordics and a forerunner in sustainability. Stockmann is a premium multi-brand retailer with department stores in Finland and the Baltics. Its purpose is to be a marketplace for a good life. In 2022, the Stockmann Group’s revenue was EUR 982 million and it had some 5 800 employees. Stockmann plc is founded in 1862 and its shares are listed on the Nasdaq Helsinki Ltd. in Finland. www.stockmanngroup.com