The partial demerger of Cargotec has been registered – Kalmar to be listed on Nasdaq Helsinki
June 30 2024 - 12:40PM
The partial demerger of Cargotec has been registered – Kalmar to be
listed on Nasdaq Helsinki
KALMAR CORPORATION, STOCK EXCHANGE RELEASE, 30
JUNE 2024 AT 7:40 PM (EEST)
The partial demerger of Cargotec has
been registered – 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.
For more information:
Carina Geber-Teir, SVP, IR, Marketing &
Communications, Kalmar, tel. +358 40 502 4697
About Kalmar
Kalmar’s vision is to be the forerunner in
sustainable material handling equipment and services, moving goods
in critical supply chains around the world. Kalmar offers a wide
range of industry shaping heavy material handling equipment and
services to ports and terminals, distribution centres,
manufacturing and heavy logistics. Kalmar operates globally in over
120 countries, the company's sales on a carve-out basis in 2023
totalled approximately EUR 2.0 billion and it employed around 5,000
people on a carve-out basis as at 31 March 2024.
www.kalmarglobal.com
Disclaimer
The securities referred to herein have not been
and will not be registered under the U.S. Securities Act of 1933
(“US Securities Act”), or any U.S. state
securities laws, and may not be offered or sold in the United
States, unless such securities are registered under the US
Securities Act, or pursuant to an exemption from, or in a
transaction not subject to, the registration requirements under the
US Securities Act and applicable state or local securities
laws.
The Kalmar shares have not been approved or
disapproved by the US Securities and Exchange Commission, any state
securities commission or any other regulatory authority in the
United States, nor have any of the foregoing authorities passed
comment upon, or endorsed the merit of, the Demerger or the
accuracy or the adequacy of the information contained in this
release or in Kalmar’s demerger and listing prospectus dated 22 May
2024. Any representation to the contrary is a criminal offense
under U.S. law. Neither Cargotec nor Kalmar intend to register
securities in the United States or to conduct a public offering of
securities in the United States.
The financial advisers are acting for Cargotec
and no one else in connection with the Demerger and will not be
responsible to anyone other than Cargotec for providing the
protections afforded to clients of the financial advisers, or for
giving advice in connection with the Demerger or any other
matter.