Friday, June 9, 2017 is the last day for trading in the SCA share with the right to receive distribution of shares in Essity

SCA informs that that the last day for trading in the SCA share with the right to receive distribution of shares in Essity is Friday, June 9, 2017. According to the announcement, as of Monday, June 12, 2017, the SCA share will be traded without the right to receive distribution of shares in Essity.

For Essity the first day of trading is expected to be Thursday, June 15, 2017. Essity’s Class A shares will be traded under the ticker ESSITY A with the ISIN code SE0009922156 and Class B shares will be traded under the ticker ESSITY B with the ISIN code SE0009922164.

The company’s Annual General Meeting of shareholders voted in favor of the Board of Director’s proposal to split the Group into two listed companies on April 5, 2017.

Earlier SCA informed that conversion of Class A shares in SCA will be limited during the period until the distribution of Essity Aktiebolag.

 

About SCA:

The company is a leading global hygiene and forest products company. The Group develops and produces sustainable personal care, tissue and forest products. Sales are conducted in about 100 countries under many strong brands, including the leading global brands TENA and Tork, and regional brands, such as Libero, Libresse, Lotus, Nosotras, Saba, Tempo and Vinda. As Europe’s largest private forest owner, SCA places considerable emphasis on sustainable forest management. The Group has about 46,000 employees. Sales in 2015 amounted to more than SEK 115 billion (EUR 12.4 billion). SCA has its headquarters in Stockholm, Sweden, and is listed on NASDAQ OMX Stockholm.

Source: Woodbizforum