Sampo plc successfully completes its public exchange offer to the shareholders of Topdanmark A/S

On 7 August 2024, Sampo plc published the offer document and prospectus for its recommended public exchange offer to acquire all of the outstanding shares in Topdanmark A/S, and on 16 September 2024, Sampo plc announced a successful outcome of the offer, with Sampo plc holding approximately 92.6 percent of the shares in Topdanmark A/S, excluding treasury shares.

The new shares issued as consideration in the exchange offer were listed on Nasdaq Helsinki on 17 September 2024, and Sampo plc was subsequently listed on Nasdaq Copenhagen on 18 September 2024.

Today, Sampo plc has initiated a compulsory acquisition of the remaining minority shareholders in Topdanmark A/S, following the completion of which, Sampo plc will become the sole shareholder of Topdanmark A/S.

Plesner is proud to have acted as Danish legal counsel for Sampo plc in connection with the exchange offer and the listing on Nasdaq Copenhagen.

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 and Clement Hoff Munk from Plesner's EU and Competition Law team; Jonathan Jordan from Plesner's Banking and Finance 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.