Kalmar to be listed on Nasdaq Helsinki
The completion of the partial demerger (the “Demerger”) of Cargotec Corporation (“Cargotec”) has today on 30 June 2024 been registered with the Finnish Trade Register.
Cargotec announced on 1 February 2024 the approval of a demerger plan concerning the Demerger (the “Demerger Plan”) according to which all assets, debts and liabilities of Cargotec relating to the Kalmar business area or mainly serving the Kalmar business area shall be transferred without a liquidation procedure to Kalmar Corporation (“Kalmar”).
In connection with the completion of the Demerger, Nasdaq Helsinki Ltd (“Nasdaq Helsinki”) has approved the listing application concerning the listing of Kalmar’s class B shares on the official list of Nasdaq Helsinki.
Trading in the 54,798,029 class B shares of Kalmar will commence on 1 July 2024 under the share trading code “KALMAR” (ISIN code: FI4000571054).
Trading in Cargotec’s class B shares will continue on the official list of Nasdaq Helsinki with a new ISIN code of FI4000571013. The new ISIN code for Cargotec’s class A shares is FI4000571005.
The new shares in Kalmar to be issued as demerger consideration shall be registered in the book-entry accounts of Cargotec’s shareholders on or about 1 July 2024. Shareholders of Cargotec who receive demerger consideration shares can trade in class B shares of Kalmar starting from 1 July 2024.
As a consequence of the completion of the Demerger, the effective date under the notices of written procedures dated 8 February 2024 concerning the written procedures for Cargotec’s EUR 100,000,000 1.250 per cent senior unsecured notes due 2025 (ISIN: FI4000399688) (the “2025 Notes”) and EUR 150,000,000 1.625 per cent senior unsecured notes due 2026 (ISIN: FI4000399696) (the “2026 Notes”) has occurred today, 30 June 2024.
In accordance with the notices of written procedures, Cargotec shall pay each holder of the 2025 Notes and the 2026 Notes registered on 11 July 2024 as direct registered owner or nominee in the holder register kept by Euroclear Finland Oy a consent fee (the “Consent Fee”) in an amount equal to 0.35 per cent of the principal amount of each 2025 Note and 2026 Note and, in addition to the Consent Fee, an early bird consent fee (“Early Bird Consent Fee”) to each relevant holder of the 2025 Notes and the 2026 Notes in an amount equal to 0.15 per cent of the principal amount of all 2025 Notes and 2026 Notes voted by such noteholder for which a valid voting instruction has been submitted to Nordea Bank Abp prior to 1:00 p.m. (Finnish time) on 16 February 2024. The payment of the Consent Fee and the Early Bird Consent Fee shall be made on 12 July 2024 at the latest.
