New shares of Stockmann registered with the Finnish Trade Register
STOCKMANN plc, Other information disclosed according to the rules of the Exchange, 22.7.2022 at 10:30 EET
As previously announced by Stockmann plc (“Stockmann” or the “Company”), the Board of Directors of the Company has decided to issue 1,130,786 new shares of the Company (the "Conversion Shares") in deviation from the shareholders’ pre-emptive subscription rights to creditors whose previously conditional or disputed restructuring debts under the Company's restructuring programme approved by the Helsinki District Court on 9 February 2021 (as amended, the "Restructuring Programme") have been confirmed to their final amount by 14 July 2022 (the "Share Issue") and has approved the subscriptions made in the Share Issue. Stockmann announced the Share Issue on 21 July 2022 .
The total of 1,130,786 Conversion Shares subscribed for in the Share Issue have been registered in the trade register maintained by the Finnish Patent and Registration Office today on 22 July 2022. Following the registration of the Conversion Shares, the total number of issued shares in the Company is 155,880,206.
The Conversion Shares will, as of their registration and recording on the book-entry accounts of the subscribers confer same rights as the Company’s other shares , including a right to dividends and other shareholder rights. The recording on the book-entry accounts of the subscribers is expected to take place on or about 26 July 2022. Trading with the Conversion Shares is expected to commence on or about 26 July 2022 under the trading code "STOCKA".
Jukka Naulapää, Chief Legal Officer, tel. +358 50 389 0013