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)
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
23.3.2022 Directed share issue of new shares
24.3.2022 Registration of the new shares
25.5.2022 The Arbitration Court has today passed an arbitration decision in a dispute between Pirkanmaan Osuuskauppa and Stockmann
21.7.2022 Stockmann has decided on a directed share issue of 1,130,786 new shares in accordance with its restructuring programme
21.7.2022 Stockmann issues subsequent secured bonds in accordance with the restructuring programme; listing application submitted
22.7.2022 New shares of Stockmann registered with the Finnish Trade Register
31.8.2022 The Arbitration Court has today passed an arbitration decision in a dispute between LähiTapiolan Keskustakiinteistöt Ky and Stockmann
8.12.2022 The Supreme Court has today passed its decision in a dispute between Pirkanmaan Osuuskauppa and Stockmann
