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
9.4.2020 Stockmann plc EUR 250,000,000 Senior Secured Fixed Rate Notes – Event of Default
11.6.2020 District Court Resolution (in Finnish)
17.8.2020 Report related to corporate restructuring proceedings of Stockmann (in Finnish)
10.11.2020 Payment of small restructuring debts
14.12.2020 Webcast in Finnish at 10:30
14.12.2020 Proposal for Stockmann plc's restructuring programme (in Finnish)
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
29.12.2021 Stockmann sold its department store properties in Tallinn and Riga
21.3.2022 Stockmann sold its department store property in Helsinki city centre