Gold prices dip as December rate cut bets wane; economic data in focus
HELSINKI/STOCKHOLM - Finnish financial group Sampo plc announced Wednesday it plans to terminate its Swedish Depositary Receipt (SDR) arrangement on Nasdaq Stockholm in favor of directly listing its A shares on the Swedish exchange.
The company will convert all outstanding SDRs into A shares as part of the transition, according to a press release statement. Sampo said the move aims to create a uniform Nordic listing structure consistent with its existing listings on Nasdaq Helsinki and Nasdaq Copenhagen.
The decision follows Euroclear Sweden’s policy change in September 2025 to reopen its CSD-links to new foreign issuers from certain jurisdictions, including Finland. This change allows Sampo to pursue a direct listing rather than maintaining its current arrangement with Svenska Enskilda Banken AB (SEB), which has served as the issuer of the SDRs and as market maker since November 2022.
Sampo cited several advantages to the change, including increasing the maximum available liquidity pool in the Swedish market, implementing a smaller tick size compared to the current SDRs, and enabling shareholders to exercise their rights without SEB’s involvement as an intermediary.
The company plans to submit applications to delist the SDRs and list the A shares in February 2026. The last day of SDR trading is expected to be around February 13, with A shares beginning trading on Nasdaq Stockholm around February 16, 2026.
Sampo has published an exemption document and Q&A materials about the conversion process on its website. The formal termination notice will be published in Svenska Dagbladet on or about November 6, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.