The Extraordinary General Meeting of Cramo Plc on 17 June 2019 decided to demerge its Modular Space business from the company. Adapteo Plc that is to be incorporated in the demerger will be listed on the Stockholm Stock Exchange and Cramo’s shareholders will receive one Adapteo share for one Cramo share. Trading in shares of the parent company Cramo will continue in a normal way on the Helsinki Stock Exchange after the partial merger.
In accordance with legislation in force, Finnish holdings of Finnish investors must be recorded in a Finnish book-entry account. Finnish investors may hold shares in a Finnish company listed in another trading venue, such as the Stockholm Stock Exchange, but the shares must be kept in a personal book-entry account. For this reason, Adapteo shares will be recorded as unlisted shares in the Finnish book-entry accounts.
Costs arising from the conversion of shares
We will not charge our customers any costs due to the conversion of shares. For the sale, these shares must, however, be converted for the other trading venue. Considering that trading in Adapteo shares will be possibly only through branch orders, the fee for this conversion that we will charge is 123 euros on 28 June 2019, based on our valid list of service charges and fees. We will charge a 1.0% trading fee arising from the branch trading cost (but always no less than 24.00 euros + service charge of 8.00 euros). Our Private clients can directly contact their personal investment manager in issues related to the conversion and trading.
We will always perform the conversion at the client’s request. Our clients may make such a request by notifying their own OP cooperative bank. The conversion will take approximately two weeks.
We will always perform the conversion at the client’s request. Our clients may make such a request by notifying their own OP cooperative bank. The conversion will take approximately two weeks.