Resurs Holding resolves on record date for the distribution of the subsidiary Solid Försäkring
The Extraordinary general meeting in Resurs Holding AB (”Resurs”) on 2 November 2021 resolved to distribute all shares in Solid Försäkringsaktiebolag (”Solid Försäkring”) to Resurs’ shareholders in accordance with the Board of Director’s proposal, and authorised the Board of Directors to determine the record date for the right to receive shares in Solid Försäkring. Resurs’ Board of Directors has today resolved that the record date for the distribution shall be 29 November 2021.
Resurs will distribute all shares in the wholly owned subsidiary Solid Försäkring to Resurs’ shareholders. Those who on the record date on 29 November 2021 are registered as shareholders in Resurs are entitled to receive shares in Solid Försäkring in relation to the current holding in Resurs. Ten (10) shares in Resurs entitle to one (1) share in Solid Försäkring. If the shareholding is not evenly divisible by ten (10), fractions of shares in Solid Försäkring will be received. All such fractions of shares in Solid Försäkring will be combined into whole shares which, after Solid Försäkring’s shares have been listed on Nasdaq Stockholm, will be sold. The sale proceeds will be paid in cash via Euroclear Sweden, without deduction for brokerage (directly registered shareholders) or in accordance with the procedures of the respective nominee (nominee-registered shareholders). For those shareholders in Resurs who are entitled to receive shares in Solid Försäkring, the shares are expected to be available in the respective shareholder’s custody account or securities account on 1 December 2021.
Last day of trading in Resurs’ share including the right to receive shares in Solid Försäkring is 25 November 2021. From 26 November 2021, Resurs’ share will trade without the right to receive shares in Solid Försäkring.
Nasdaq Stockholm has made the assessment that Solid Försäkring fulfils the applicable listing requirements, provided that certain customary conditions are fulfilled, including that Solid Försäkring submits an application for the Company’s shares to be admitted to trading on Nasdaq Stockholm, and that the distribution requirement is fulfilled. First day of trading with Solid Försäkring’s share on Nasdaq Stockholm is expected to be on 1 December 2021. The shares will trade under the short name (ticker) SFAB and with ISIN code SE0017082548.
During the day, Solid Försäkring will publish a prospectus for the admission to trading on Nasdaq Stockholm, which will be available on Solid Försäkring’s website https://corporate.solidab.se/en/.
Time plan for distribution and listing of the shares in Sold Försäkring:
- 25 November 2021 – Last day of trading in Resurs’ share including the right to receive shares in Solid Försäkring
- 26 November 2021 – First day of trading in Resurs’ share excluding the right to receive shares in Solid Försäkring
- 29 November 2021 – Record date for receiving shares in Solid Försäkring
- 1 December 2021 – Estimated first day of trading with Solid Försäkring’s shares on Nasdaq Stockholm
For additional information:
Nils Carlsson, CEO, email@example.com, +46 766 44 77 00
Jonas Olin, Finance Strategy Director, firstname.lastname@example.org, +46 76-698 41 76
About Resurs Holding
Resurs Holding (Resurs), which operates through the subsidiaries Resurs Bank and Solid Försäkring, is the leader in retail finance in the Nordic region, offering payment solutions, consumer loans and niche insurance products. Since its start in 1977, Resurs Bank has established itself as a leading partner for sales-driven payment and loyalty solutions in retail and e-commerce, and Resurs has thus built a customer base of approximately 6 million private customers in the Nordics. Resurs Bank has had a banking licence since 2001 and is under the supervision of the Swedish Financial Supervisory Authority. The Resurs Group operates in Sweden, Denmark, Norway and Finland. At the end of the third quarter of 2021, the Group had 664 employees and a loan portfolio of SEK 32.0 billion. Resurs is listed on Nasdaq Stockholm.