Share issue in relation to conversion and secured bonds

Stockmann plc's (the "Company") General Meeting of Shareholders resolved on 7 April 2021, in accordance with the terms of the Company's approved restructuring programme, to authorize the Board of Directors of the Company to decide on a directed share issue of at most 100,000,000 new shares of the Company to creditors of unsecured restructuring debts and hybrid bond creditors, as defined in the restructuring programme. The Board of Directors has on 18 May 2021, pursuant to the authorization granted by the General Meeting, resolved on a share issue of at most 100,000,000 new shares of the Company, carried out in deviation from the shareholders’ pre-emptive subscription rights.

The Company also offers secured bonds to certain unsecured creditors under the Company's restructuring programme. Pursuant to the restructuring programme, certain unsecured creditors are entitled to convert 80 per cent. of their receivables under the payment programme for unsecured debt under the restructuring programme, by way of set-off, to secured bonds.

 

Stockmann publishes the Terms and Conditions for a directed share issue of at most 100,000,000 new shares

The Finnish Financial Supervisory Authority has today, 18 May 2021, approved the Finnish language version of the prospectus prepared in relation to Stockmann Oyj Abp's share issue

Stockmann announces an offering of senior secured bonds to unsecured creditors in accordance with the restructuring programme; prospectus available

 

Stockmann Oyj Abp - Prospectus

Stockmann plc - Offering  Circular 18 May 2021

Financial Review 2020

Interim Management Statement Q1/2021

Articles of Association of Stockmann plc

Stockmann plc's restructuring programme, approved by the Helsinki District Court (in Finnish)

Stockmann plc's restructuring programme, approved by the Helsinki District court (unofficial English translation)