Sampo continues to reduce its stake in Nordea online

SAMPO PLC INTERNAL INFORMATION May 25, 2021 at 7:27 p.m.

DO NOT RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERING OR SALE IS PROHIBITED BY APPLICABLE LAW

Sampo continues to reduce its stake in Nordea in line with its strategic direction

Sampo today announced the sale of up to 162 million Nordea shares to institutional investors. The sale represents no more than 4.0 percent of Nordea’s outstanding shares and would reduce Sampo’s stake in Nordea to 11.9 percent.

The planned divestiture represents a further step in Sampo Group’s stated strategy of focusing on non-life insurance operations.

The average acquisition price of Nordea is 6.46 EUR per share. The book value in the Group’s consolidated balance sheet was 7.68 euros per share as of March 31, 2021.

BofA Securities Europe SA, Citigroup Global Markets Europe and Barclays Bank Ireland PLC are acting as joint bookrunners for the transaction. The outcome of the transaction will be announced on May 26, 2021 at the latest. As part of the offer, Sampo entered into a lock-up commitment, under which it undertook, subject to certain exceptions, not to sell any Nordea shares during a period ending 23 August 2021.

SAMPO API

For more information please contact:

Jarmo Salonen
Head of Investor Relations and Group Communication
Phone. +358 10516 0030

Mirko Hurmerinta
IR and communications specialist
Phone. +358 10516 0032

Maria silander
Head of Communications, Media Relations
Phone. +358 10516 0031

Important Notice

THIS ADVERTISEMENT HAS BEEN MADE FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE AN OFFER TO BUY, SELL, ISSUE OR SUBSCRIBE, OR THE SOLICITATION OF AN OFFER TO PURCHASE, SALE, ISSUE OR FOR ANY SECURITIES, NOR THERE WILL BE A SALE OF SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFERING, SOLICITATION OR SALE IS ILLEGAL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF SUCH JURISDICTION.

IN THE UNITED KINGDOM, THIS AD IS ONLY DISTRIBUTED TO “QUALIFIED INVESTORS” WITHIN THE MEANING OF ARTICLE 2 (E) OF REGULATION (EU) 2017/1129, BECAUSE IT IS PART OF DOMESTIC LAW IN THE UNITED KINGDOM PURSUANT TO THE EUROPEAN UNION ACT (WITHDRAWAL) 2018, (A) WITH PROFESSIONAL INVESTMENT EXPERIENCE ACCORDING TO ARTICLE 19, PARAGRAPH 5, OF THE FINANCIAL SERVICES AND MARKETS ACT (FINANCIAL PROMOTION) ORDERED OF 2005, AS AMENDED (THE “ORDER”)); (B) WHICH ARE HIGH NET VALUE ENTITIES DESCRIBED IN SECTION 49 (2) (A) TO (D) OF THE ORDER; OR (C) OTHER PERSONS WITH WHOM THEY MAY BE LEGALLY COMMUNICATED (ALL SUCH PERSONS TOGETHER ARE DESIGNATED AS “RELEVANT PERSONS”). ANY INVESTMENT OR INVESTING ACTIVITY TO WHICH THIS ADVERTISEMENT RELATES WILL ONLY BE AVAILABLE AND WILL ONLY BE ENGAGED WITH THE RELEVANT PEOPLE. ANYONE WHO IS NOT A RELEVANT PERSON MUST NOT ACT OR RELY ON THIS AD OR ANY OF ITS CONTENT.

THIS AD IS NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA). THIS AD IS NOT AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. THE SECURITIES REFERRED TO HEREIN HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE US SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES, EXCEPT UNDER AN EXEMPTION FROM ‘APPLICABLE REGISTRATION. NO PUBLIC OFFERING OF SECURITIES IS MADE IN THE UNITED STATES.

ANY INVESTMENT DECISION TO PURCHASE SECURITIES IN THE SHARE OFFERING SHOULD BE MADE SOLELY ON THE BASIS OF PUBLICLY AVAILABLE INFORMATION WHICH HAS NOT BEEN INDEPENDENTLY VERIFIED BY THE COMMON SECURITIES OR THE SELLER. NEITHER THIS ADVERTISEMENT OR ANY COPY OF IT MAY BE TAKEN, TRANSMITTED OR DISTRIBUTED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR ANY OTHER JURISDICTION IN WHICH OFFERING OR SALE IS PROHIBITED BY APPLICABLE. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF UNITED STATES, AUSTRALIAN, CANADIAN, JAPANESE OR OTHER APPLICABLE SECURITIES LAWS.

THE DISTRIBUTION OF THIS ADVERTISEMENT AND THE OFFERING OR SALE OF THE SECURITIES REFERRED TO HEREIN IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW. NO ACTION HAS BEEN TAKEN BY THE COMMON SECURITIES OR BY ANY OF THEIR RESPECTIVE AFFILIATES OR ANY OTHER PERSON WHO ALLOWS AN OFFER OF THE SECURITIES REFERRED TO HEREIN OR THE POSSESSION OR DISTRIBUTION OF THIS OR ANY OTHER OFFERING OR RELATED MATERIALS TO SAFETY IN ANY JURISDICTION WHERE ACTION TO THIS PURPOSE IS NECESSARY. PERSONS IN POSSESSION OF THIS ADVERTISEMENT ARE OBLIGATORY BY THE COMMON OWNERS TO INFORM AND RESPECT ALL THESE RESTRICTIONS.

THE JOINT BOOKRUNNERS ACT EXCLUSIVELY FOR THE SELLER AND PERSON ELSE IN CONNECTION WITH THE OFFERING OF SHARES. JOINT BOOKRUNNERS WILL NOT LOOK AT ANY OTHER PERSON (WHETHER OR NOT BENEFIT FROM THIS AD) AS THEIR CUSTOMER IN RELATION TO THE EQUITY OFFER AND JOINT BOOKRUNNERS WILL NOT BE RESPONSIBLE TO ANYONE OTHER THAN THE SELLER TO PROVIDE AFFORDED PROTECTIONS TO THEIR CUSTOMER OR TO GIVE ADVICE RELATING TO THE OFFER OR ANY TRANSACTION, ARRANGEMENT OR OTHER MATTER REFERRED TO IN THIS ADVERTISEMENT. JOINT BOOKRUNNERS MAY PARTICIPATE IN THE OFFER ON AN OWNERSHIP BASIS.

Distribution:
Nasdaq Helsinki
London Stock Exchange
The main media
Financial supervisory authority
www.sampo.com


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