Sampo plc announces a public exchange offer to the shareholders of Topdanmark A/S
The exchange offer will be made subject to certain customary conditions, including a minimum acceptance level of 90% of the outstanding shares and votes in Topdanmark (excluding treasury shares).
The terms and conditions of the exchange offer will be set out in an offer document, which will be published by Sampo following approval by the FIN-FSA of a prospectus setting out a description of the exchange offer, its impact on Sampo and Topdanmark and certain other relevant information.
Topdanmark's Board of Directors has unanimously resolved that it intends to recommend Topdanmark's shareholders to accept the exchange offer, when made.
Sampo Group is a leading P&C insurer in the Nordic region, and the only insurer to offer services across all Nordic countries, customer segments and products. The Group is also a major operator in the growing digital P&C insurance market in the UK. Sampo Group’s annual gross written premiums and brokerage income totalled EUR 8,870 million and the profit before taxes amounted to EUR 1,481 million in 2023. The Group’s combined ratio for the full-year 2023 was 84.6 per cent.
Plesner is proud to act as legal counsel for Sampo in connection with the exchange offer, alongside Hannes Snellman Attorneys Ltd as legal advisors, Goldman Sachs International as the primary financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP regarding U.S. law.
Plesner's team, led by Nicolai Ørsted and Janus Jepsen consisted of Micha Fritzen, Lynge Daugaard Jensen, Kasper Erikslev Lolk-Hansen, Marcus Franzpötter, Nima Daniel Saadatmand and Marcus Nimmo Allerup Bogh from Plesner's Capital Markets team; Gitte Holtsø, Daniel Barry, Clement Hoff Munk and Jonathan Jordan from Plesner's Finance and EU and Competition Law team; Tina Brøgger Sørensen and Jacob Falsner from Plesner's Employment and Labour Law team; Peter Barsøe Østergaard from Plesner's Tax team; and Lars Bunch and Maja Dahl-Jessen from Plesner's Corporate Law team.