Stockmann plc's corporate restructuring

Stockmann plc’s file for corporate restructuring was handed in to the District Court of Helsinki on 6 April 2020.

By a decision on 9 Febrary 2021, the Helsinki District Court has approved Stockmann plc’s restructuring programme, and the restructuring proceedings have ended. Attorney Jyrki Tähtinen was appointed supervisor of the restructuring programme. The restructuring programme is based on the continuation of Stockmann’s department store operations, the sale and lease-back of the department store properties located in Helsinki, Tallinn and Riga and the continuation of Lindex’s business operations as a fixed part of the Stockmann Group.

 

Stock exchange releases and documents published in connection with the corporate restructuring proceedings

6.4.2020 Stockmann plc has decided to file for corporate restructuring

7.4.2020 District Court of Helsinki has ruled a temporary prohibition of collection for Stockmann plc and appointed Attorney Jyrki Tähtinen as interim administrator

8.4.2020 The District Court of Helsinki has ruled to initiate corporate restructuring proceedings of Stockmann plc

9.4.2020 Stockmann plc EUR 250,000,000 Senior Secured Fixed Rate Notes – Event of Default

17.4.2020 Decision of the Helsinki District Court on the establishment of the Creditor's committee and secrecy (in Finnish)

11.6.2020 District Court Resolution (in Finnish)

17.8.2020 Report related to corporate restructuring proceedings of Stockmann (in Finnish)

16.9.2020 Report related to corporate restructuring proceedings of Stockmann (unofficial English translation)

10.11.2020 Payment of small restructuring debts

11.12.2020 The deadline for the proposal for Stockmann plc's restructuring programme has been extended

14.12.2020 Webcast in Finnish at 10:30

14.12.2020 Proposal for Stockmann plc's restructuring programme (in Finnish)

15.12.2020 Helsinki District Court's decision about the processing of the proposal for Stockmann plc's restructuring programme (in Finnish)

18.12.2020 Letter regarding Helsinki District Court's decision about the processing of the proposal for Stockmann plc's restructuring programme

23.12.2020 The Administrator's draft restructuring programme for Stockmann plc (unoffficial English translation)

9.2.2021 Helsinki District Court's decision about the restructuring programme for Stockmann plc (in Fnnish)

9.2.2021 Stockmann plc's restructuring programme, approved by the Helsinki District Court (in Finnish)

18.2.2021 Helsinki District Court's decision about the restructuring programme for Stockmann plc (in English)

18.2.2021 Stockmann plc's restructuring programme, approved by the Helsinki District court (unofficial English translation)

1.4.2021 Release for unsecured creditors and hybrid bondholders of Stockmann plc

30.4.2021 Info Letter re special vehicle fund 30 April 2021 (15502070.1)

30.4.2021 Notification Stockmann unsecured creditors - 30 April 2021 (15502187.1)

30.4.2021 North Wall Capital - Invitation (15502078.1)

13.5.2021 North Wall Capital - Stockmann Unsecured Purchase Offer Extension

17.5.2021 Helsinki District Court's decision in the matter 20-16712 (in Finnish)

2.6.2021 NWC - Stockmann Hybrid Purchase Offer Announcement

2.6.2021 NWC - Stockmann Unsecured Purchase Offer Second Extension

4.10.2021 Reduction of Stockmann plc's share capital / public notice to creditors

10.11.2021 Helsinki District Court's decision concerning a change in the restructuring programme (in Finnish)

16.11.2021 Helsinki District Court's decision concerning a change in the restructuring programme (unofficial English translation)