Shares issued in Stockmann plc's directed share issue without payment, the combination of share classes and a reduction of the share capital registered with the Trade Register
STOCKMANN plc, Other information disclosed according to the rules of the Exchange 9.4.2021 at 19:45 EET
On account of the combination of the A and B share classes of Stockmann plc (the “Company”), a total of 3,053,086 new shares issued to holders of A shares in a directed share issue without payment have been registered with the Trade Register on 9 April 2021, in accordance with the resolution made by the Annual General Meeting on 7 April 2021. Simultaneously, the combination of the Company's share classes as well as the amendments to the Articles of Association related thereto have been registered with the Trade Register. The new Articles of Association are attached to this stock exchange release.
The new shares carry full shareholder rights as of the moment of their registration. After the registration of the new shares and the combination of share series, the total amount of the Company’s shares is 75,101,769 shares. The total amount of votes that the shares in the Company carry after the registration is 75,101,769 votes.
Trading in the new shares is expected to commence together with the current shares under ISIN code FI0009000251 and the new trading code STOCKA on or about 12 April 2021.
In addition to the share issue and the combination of the share classes, the Trade Register has on
9 April 2021, in accordance with the resolution of the Annual General Meeting on 7 April 2021, registered a reduction of the share capital by EUR 66,540,827.74 to cover accumulated losses. After the reduction of the share capital, the Company’s share capital amounts to EUR 77,556,538.26. The Company has also applied for notice to be given to creditors in order to further reduce the share capital by EUR 67,556,538.26 and to transfer these funds into the invested unrestricted equity fund. The last-mentioned reduction of the share capital in order to transfer the funds into the invested unrestricted equity fund is conditional upon a creditor protection procedure in accordance with the Finnish Companies Act, and it will be registered after the notice procedure, provided that the Company's creditors do not object to the reduction.
Jukka Naulapää, Chief Legal Officer, tel. +358 9 121 3850