Distribution and Listing of Essity Aktiebolag (publ) on Nasdaq Stockholm
STOCKHOLM, May 31, 2017 /PRNewswire/ -- On April 5, 2017 the Annual General Meeting of Svenska Cellulosa Aktiebolaget SCA ("SCA") decided in favor of the Board of Director's proposal to distribute all shares in Essity Aktiebolag (publ) ("Essity") (formerly SCA Hygiene AB) to SCA's shareholders. The Board of Director's were at the same time authorized to determine the record date for the distribution. SCA's Board of Director's has now set the record date for the distribution at Tuesday, June 13, 2017.
All shares in the wholly owned subsidiary Essity will be distributed, according to which one share of Class A in SCA carries entitlement to one share of Class A in Essity and one share of Class B in SCA carries entitlement to one share of Class B in Essity. Aside from being registered as a shareholder of SCA on the record date for distribution, no further actions are required by shareholders in order to receive shares in Essity.
Nasdaq Stockholm's Listing Committee has decided to admit Essity's Class A shares and Class B shares for trading on Nasdaq Stockholm.
The last day for trading in the SCA share with the right to receive distribution of shares in Essity is Friday, June 9, 2017. As of Monday, June 12, 2017, the SCA share will be traded without the right to receive distribution of shares in Essity.
For Essity the first day of trading is expected to be Thursday, June 15, 2017. Essity's Class A shares will be traded under the ticker ESSITY A with the ISIN code SE0009922156 and Class B shares will be traded under the ticker ESSITY B with the ISIN code SE0009922164.
The prospectus for admission to trading of shares in Essity is expected to be published on June 7, 2017. The prospectus will be available on SCA's (www.sca.com) and Essity's (www.essity.com) websites.
Timetable
June 9, 2017. Last day of trading in SCA shares with the right to receive distribution of shares in Essity.
June 12, 2017. First day of trading in SCA shares without the right to receive distribution of shares in Essity.
June 13, 2017. Record date for distribution of shares in Essity.
June 15, 2017. Estimated first day of trading in Essity's shares on Nasdaq Stockholm
CONTACT:
For additional information please contact:
Johan Karlsson, Vice President Investor Relations, 46 (0)8 788 51 30
Karl Stoltz, Media Relations Manager, 46 (0)8 788 51 55
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| Distribution and listing of Essity Aktiebolag (publ) on Nasdaq Stockholm |
SOURCE SCA
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