Trading in Mandatum shares has begun

Mandatum plc, news release, 2.10.2023 at 10:00 am EEST

NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO AUSTRALIA, CANADA, HONG KONG, JAPAN, NEW ZEALAND, SOUTH AFRICA OR SINGAPORE OR ANY OTHER JURISDICTION IN WHICH PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.

Trading in Mandatum plc shares started today, 2 October 2023, at 10:00 am, on the Nasdaq Helsinki official list. Mandatum share is traded under the ticker symbol MANTA.

Sampo’s Annual General Meeting, held 17 May 2023, approved the Board of Directors’ proposal to separate Mandatum Group from Sampo Group through a partial demerger. In the demerger, the shares in Mandatum Holding Ltd and related assets and liabilities transferred without a liquidation procedure to Mandatum plc, which was incorporated on the effective date of the demerger, 1 October 2023. Mandatum Group consists, for instance, of Mandatum Life and Mandatum Asset Management Oy.

“Being listed on the Helsinki Stock Exchange is a significant milestone for Mandatum. As an independent company, we can strengthen the execution of our growth strategy and create added value for our shareholders and customers as an expert in money and life. It is great to begin this journey together with our new shareholders,” says Mandatum’s Group CEO Petri Niemisvirta.

Sampo shareholders have now received one new share in Mandatum plc as a demerger consideration for each existing series A or series B share in Sampo plc. Mandatum’s share count at the start of trading was the same as Sampo’s, i.e. 501,796,752 shares.

Further information 

Niina Riihelä
Senior Vice President, Marketing and Communications, Mandatum Life plc
Tel. +358 40 728 1548
niina.riihela@mandatum.fi

Petri Niemisvirta
CEO, Mandatum plc 

Tel. +358 10 516 7200 

Mandatum in brief 

Mandatum is a major financial service provider that combines expertise in money and life. Mandatum offers customers a wide array of services covering asset and wealth management, savings and investment, compensation and rewards, pension plans and personal risk insurance. Mandatum offers services to corporate clients, private customers and institutional and wealth management customers. The success of Mandatum’s business relies on competent personnel, a strong brand and successful investments.
mandatum.fi 

Important notice

This release is not an offer of securities for sale in the United States of America. The shares in Mandatum plc referred to herein have not been, and will not be, registered under the US Securities Act of 1933, as amended ("US Securities Act"), or with any regulatory authority of any state or other jurisdiction in the United States, and may only be offered, sold, exercised, transferred or delivered, directly or indirectly, in or into the United States pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the US Securities Act and in compliance with applicable state and other securities laws.

This release shall not be published or disseminated, in whole or in part, directly or indirectly, in Australia, Canada, Hongkong, Japan, New Zealand, South Africa or Singapore or any other country where publication or dissemination would be unlawful. This release is not an offer to sell or solicitation of an offer to buy securities in any such jurisdiction where such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.

The shares in Mandatum plc have not been and will not be listed on a US securities exchange or quoted on any inter-dealer quotation system in the United States. Mandatum plc does not intend to take any action to facilitate a market in Mandatum plc shares in the United States. Consequently, it is unlikely that an active trading market in the United States will develop for the Mandatum plc shares.

The Mandatum plc shares have not been approved or disapproved by the US Securities and Exchange Commission, any state securities commission or any other regulatory authority in the United States, nor have any of the foregoing authorities passed comment upon, or endorsed the merit of, the accuracy or the adequacy of this release. Any representation to the contrary is a criminal offence in the United States.

This release includes "forward-looking statements" that are based on present plans, estimates, projections and expectations and are not guarantees of future performance. They are based on certain expectations and assumptions, which, even though they seem to be reasonable at present, may turn out to be incorrect. Shareholders should not rely on these forward-looking statements. Numerous factors may cause the actual results of operations or financial condition of Mandatum plc to differ materially from those expressed or implied in the forward-looking statements. Neither Mandatum plc, nor any of its affiliates, advisors or representatives or any other person undertakes any obligation to review or confirm or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this release.