The partial demerger of Sampo was completed on 1 October 2023 as planned and each Sampo shareholder receives one new share in Mandatum for each Sampo share they held.
The demerger does not require any action from Sampo shareholders. The last day to buy Sampo shares for a shareholder to be entitled to receive Mandatum shares as a demerger consideration was 29 September 2023.
The first trading day for Mandatum on Nasdaq Helsinki was 2 October 2023.
The Finnish Tax Administration has on 28 November 2023 published instructions for determining the acquisition cost of Sampo and Mandatum shares after the partial demerger.
The acquisition cost of Sampo plc’s share is 91.66 per cent and of Mandatum plc’s share 8.34 per cent of the original acquisition cost prior to the partial demerger.
Example: If a shareholder acquired a Sampo share at cost of EUR 40.00 prior to the demerger, the acquisition cost would be EUR 36.66 for Sampo share and EUR 3.34 for Mandatum share.
Please note that this applies only to shareholders who are generally liable to tax in Finland. Other shareholders should contact the Finnish Tax Administration or their local tax authorities for detailed tax advice.
Read more on Sampo's website: Partial demerger