Solid Försäkring has announced the intention to list its shares on Nasdaq Stockholm
Resurs Holding AB's ("Resurs") subsidiary Solid Försäkringsaktiebolag ("Solid Försäkring"), one of the leading niche insurance companies in the Nordics within non-life insurance, has today announced its intention to list its shares on Nasdaq Stockholm (the “Listing"). The Listing is intended to be carried out after Resurs has completed the distribution of all shares in Solid Försäkring to Resurs' shareholders in accordance with the so-called Lex Asea rules. Nasdaq Stockholm AB has made the assessment that Solid Försäkring fulfils the applicable listing requirements, provided that certain customary conditions are fulfilled.
In accordance with earlier press release, Resurs has during the autumn investigated the possibility of distributing and listing the subsidiary Solid Försäkring. The Extraordinary General Meeting of Resurs on 2 November 2021 consequently decided to distribute all shares in Solid Försäkring to Resurs' shareholders and authorised the Board of Directors to set the record date for the right to receive shares in Solid Försäkring. The date for the record date will be announced in a separate press release as soon as the Board of Directors has resolved on this, which is expected to take place during the fourth quarter of 2021.
Solid Försäkring has today announced its intention to list the shares on Nasdaq Stockholm after Resurs has completed the distribution in accordance with the so-called Lex Asea rules. Nasdaq Stockholm AB has made the assessment that Solid Försäkring fulfils the applicable listing requirements. Nasdaq Stockholm AB will approve an application for admission to trading of the Solid Försäkring's shares on Nasdaq Stockholm, provided that certain conditions are fulfilled, including that Solid Försäkring submits such an application and fulfils the distribution requirement. The Listing on Nasdaq Stockholm is expected to be completed during the fourth quarter of 2021.
Resurs’ and Solid Försäkring’s respective Board of Directors believe that the separation of Solid Försäkring from the parent company and the Listing on Nasdaq Stockholm will raise the awareness of Solid Försäkring’s operations, strengthen the brand among both partners and customers, improve the ability to attract and retain qualified personnel and key employees and enable an expanded market potential in the form of new opportunities to enter into partnerships. Furthermore, the respective Board of Directors believe that the Listing will entail an independent and more efficient capital allocation with direct access to the Swedish and international capital markets, including a broad and long-term ownership base, which is expected to support Solid Försäkring’s continued growth and development. Overall, Resurs’ and Solid Försäkring’s respective Board of Directors consider that the separation from the parent company and the Listing on Nasdaq Stockholm will create the best preconditions for Solid Försäkring’s continued development and growth and thus increased value for the shareholders.
For more information, see Solid Försäkring’s press release on the intention to list the shares on Nasdaq Stockholm at https://corporate.solidab.se.
For additional information:
Nils Carlsson, CEO, email@example.com, +46 766 44 77 00
Sofie Tarring Lindell, CFO & Head of IR, firstname.lastname@example.org, +46 73 644 33 95
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.