Announcement • Sep 19
Topdanmark A/S(CPSE:TOP) dropped from OMX Nordic All-Share Index Topdanmark A/S has been dropped from the PMX Nordic All-Share Index. Announcement • Sep 11
Sampo to Seek Topdanmark Shares Removed from Trading and Official Listing on Nasdaq Copenhagen A/S Following Completion of the Offer The offer period for the recommended best and final public exchange offer made by Sampo plc ("Sampo") to acquire all of the outstanding shares in Topdanmark A/S ("Topdanmark") not already owned by Sampo (the "Offer") expired on 9 September 2024 at 23:59 (CEST). Based on the preliminary result and non-binding summation of acceptances, Sampo would together with its current Topdanmark holding, as a result of the Offer hold approximately 92.6% of the shares in Topdanmark (excluding treasury shares). Accordingly, Sampo considers all conditions satisfied and will proceed to complete the Offer. We are pleased with the successful outcome, which is an important milestone for all of us. We look forward to Sampo's dual listing on Nasdaq Copenhagen and the integration of Topdanmarks operations into If P&C to realise the attractive synergies we have identified, says Group CEO Torbjrn Magnusson. The final result of the Offer will be announced no later than on 16 September 2024. Assuming that the preliminary result is confirmed by the final result, Sampo will, as soon as reasonably practicable after completion of the Offer, seek to initiate and complete a compulsory acquisition of the Topdanmark shares held by the remaining minority shareholders of Topdanmark, in accordance with Danish law. It is expected that the squeeze-out will consume the majority of the EUR 400 million allocated for the squeeze-out and buybacks, as part of the EUR 800 million total capital deployment communicated on 17 June 2024. The squeeze-out is expected to be settled in cash. Based on the preliminary result, Sampo will hold more than 90% of the shares in Topdanmark and the attaching voting rights, excluding treasury shares, as a result of the Offer. Consequently, Sampo will, as soon as reasonably practicable after completion of the Offer, seek to initiate and complete a compulsory acquisition of the Topdanmark shares held by the remaining minority shareholders of Topdanmark, in accordance with the Danish Companies Act and the VP rule book. In addition, Sampo will seek to have the Topdanmark shares removed from trading and official listing on Nasdaq Copenhagen A/S following completion of the Offer. Recent Insider Transactions Derivative • Jul 23
CEO & Member of Executive Board exercised options and sold kr.5.4m worth of stock On the 18th of July, Peter Hermann exercised 38k options at a strike price of around kr.194 and sold these shares for an average price of kr.335 per share. This trade did not impact their existing holding. For the year to December 2018, Peter's total compensation was 83% salary and 17% non-salary. Since December 2023, Peter has owned 8.31k shares directly. Company insiders have collectively sold kr.3.2m more than they bought, via options and on-market transactions in the last 12 months. 
