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MarketScreener Homepage  >  Equities  >  NASDAQ OMX HELSINKI LTD.  >  Sampo Oyj    SAMPO   FI0009003305

SAMPO OYJ

(SAMPO)
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Sampo Oyj Sampo Plc Announces Indicative Results Of Its Cash Tender Offers

12/01/2020 | 02:21am EST
TIDMSAMPO 
 
 
   NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO OR TO ANY 
PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND 
POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, 
AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA ISLANDS), ANY STATE 
OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA OR IN OR INTO ANY OTHER 
JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT 
 
   SAMPO PLC                 STOCK EXCHANGE RELEASE 1 December 2020 at 9:05 
am 
 
   Sampo plc announces indicative results of its cash tender offers in 
respect of its outstanding EUR 500,000,000 1.50 per cent. Notes due 16 
September 2021, SEK 700,000,000 0.875 per cent. Notes due 23 May 2022, 
SEK 1,300,000,000 Floating Rate Notes due 23 May 2022, EUR 750,000,000 
1.00 per cent. Notes due 18 September 2023 and EUR 500,000,000 1.250 per 
cent. Notes due 30 May 2025 
 
   This announcement is released by Sampo plc and contains inside 
information for the purposes of Article 7 of the Market Abuse Regulation 
(EU) 596/2014 ("MAR"), encompassing information relating to the 2021 
Notes, 2022 Fixed Rate Notes, 2022 Floating Rate Notes, 2023 Notes and 
2025 Notes described above (each as defined below). For the purposes of 
MAR and Article 2 of the Commission Implementing Regulation (EU) 
2016/1055, this announcement is made by Jarmo Salonen, the Head of 
Investor Relations and Group Communications of Sampo plc. 
 
   Sampo plc (the "Issuer") today announces the indicative results of its 
invitations to holders of its outstanding EUR 500,000,000 1.50 per cent. 
Notes due 16 September 2021 (ISIN: XS1110299036) (the "2021 Notes"), SEK 
700,000,000 0.875 per cent. Notes due 23 May 2022 (ISIN: XS1823483414) 
(the "2022 Fixed Rate Notes"), SEK 1,300,000,000 Floating Rate Notes due 
23 May 2022 (ISIN: XS1823484222) (the "2022 Floating Rate Notes"), EUR 
750,000,000 1.00 per cent. Notes due 18 September 2023 (ISIN: 
XS1520733301) (the "2023 Notes") and EUR 500,000,000 1.250 per cent. 
Notes due 30 May 2025 (ISIN: XS1622193750) (the "2025 Notes") (together, 
the "Securities" and each series of Securities, a "Series") to (i) 
tender any and all of their 2023 Notes and (ii) to tender their 2021 
Notes, 2022 Fixed Rate Notes, 2022 Floating Rate Notes and 2025 Notes up 
to (subject as set out herein and allocated in the Issuer's sole 
discretion) an aggregate principal amount of the Euro Equivalent of 
EUR750,000,000 less the aggregate principal amount of the 2023 Notes 
validly tendered and accepted for purchase, in each case for purchase by 
the Issuer for cash. 
 
   Such invitations (the "Tender Offers") were announced on 23 November 
2020 and were made on the terms and subject to the conditions and the 
offer and distribution restrictions contained in the tender offer 
memorandum dated 23 November 2020 (the "Tender Offer Memorandum") 
prepared by the Issuer.  Capitalised terms used and not otherwise 
defined in this announcement have the meanings given thereto in the 
Tender Offer Memorandum. 
 
   The Tender Offers 
 
   The Issuer hereby informs holders of the non-binding indicative results 
of the Tender Offers. As at the Expiration Time, being 5:00 pm Central 
European time on 30 November 2020, the Issuer had received valid tenders 
for purchase pursuant to the Tender Offers of: (i) EUR 139,609,000 of 
the 2021 Notes; (ii) SEK 582,000,000 of the 2022 Fixed Rate Notes; (iii) 
SEK 1,050,000,000 of the 2022 Floating Rate Notes; (iv) EUR 228,448,000 
of the 2023 Notes; and (v) EUR 127,161,000 of the 2025 Notes. The Issuer 
expects that the principal amounts of the Securities accepted for 
purchase will be as follows: 
 
 
 
 
                      EUR 750,000,000                                                         EUR 500,000,000 
                          1.00 per      EUR 500,000,000  SEK 700,000,000   SEK 1,300,000,000     1.250 per 
                        cent. Notes      1.50 per cent.   0.875 per cent.    Floating Rate      cent. Notes 
Description           due 18 September    Notes due 16     Notes due 23        Notes due         due 30 May 
 of the Securities          2023         September 2021      May 2022         23 May 2022           2025 
-------------------  -----------------  ---------------  ----------------  -----------------  --------------- 
ISIN                   XS1520733301      XS1110299036      XS1823483414      XS1823484222      XS1622193750 
-------------------  -----------------  ---------------  ----------------  -----------------  --------------- 
Expected 
 Principal 
 Amounts 
 of the Securities 
 Accepted 
 for Purchase          EUR 228,448,000  EUR 139,609,000   SEK 582,000,000   SEK1,050,000,000  EUR 127,161,000 
-------------------  -----------------  ---------------  ----------------  -----------------  --------------- 
Expected             N/A                N/A              N/A               N/A                N/A 
 Scaling 
 Factor 
-------------------  -----------------  ---------------  ----------------  -----------------  --------------- 
 
 
   Holders should note that this is a non-binding indication of the level 
at which the Issuer expects to set the acceptance amount in respect of 
each Series, and any Scaling Factor that may apply as a consequence. The 
Issuer expects to accept all validly tendered Securities, without any 
scaling or pro-ration. 
 
   Pricing 
 
   Pricing for the Tender Offers will take place at or around 2:00 pm 
Central European time today (the "Pricing Time"). As soon as practicable 
after the Pricing Time, the Issuer will announce whether it will accept 
valid tenders of Securities pursuant to all or any of the Tender Offers 
and, if so accepted, (i) the Final Acceptance Amount and, in respect of 
each Series of Securities so accepted, the aggregate principal amount of 
Securities of the relevant Series accepted, including details of any 
Scaling Factors (in respect of the 2021 Notes, 2022 Fixed Rate Notes, 
2022 Floating Rate Notes and 2025 Notes, if applicable) and the relevant 
Tender Price and Accrued Interest, and (ii) in respect of the 2025 Notes, 
the 2025 Notes Fixed Purchase Yield and the 2025 Notes Interpolated 
Mid-Swap Rate. 
 
   The Settlement Date in respect of the Securities accepted for purchase 
pursuant to the Tender Offers is expected to be 2 December 2020. 
 
   Contact information 
 
   Dealer Managers for the Tender Offers: 
 
   Citigroup Global Markets Limited 
 
   Telephone: +44 20 7986 8969 
 
   Attention: Liability Management Group 
 
   Email: 
https://www.globenewswire.com/Tracker?data=by7UumA0V6ddWDjT_2XAMS7h4GroAEefP4TOEk3UFGC2oXM7oilVcDA5rFqb0jEiX7lf73ZPNkhlfwSYQXRgXNjPivppyKhFvFCAxiq-XtFyfc8VpI0oXopp-8v2F18U5wygzk3zStN8BtDKPPTLBg== 
liabilitymanagement.europe@citi.com 
 
   Nordea Bank Abp 
 
   Telephone: +45 61612996 
 
   Attention: Nordea Liability Management 
 
   Email: 
https://www.globenewswire.com/Tracker?data=ONAVZo-l8J3c5HUje7Yu9HT5fHmRQvkGDQQJ_UdKl7dkPPn2LDFJuW3a3-e3Q9GBaS5snHF2NvcnBUUoOVuAqZymQo09HLm6Blix8j3x_AGBIs8m6kHZITFTOKzu20Qxg0rU01ga6IXUv4DtpAP9IQ== 
nordealiabilitymanagement@nordea.com 
 
   Tender Agent for the Tender Offers: 
 
   Lucid Issuer Services Limited 
 
   Telephone: +44 20 7704 0880 
 
   Attention: Paul Kamminga 
 
   Email: 
https://www.globenewswire.com/Tracker?data=B9I9ESWSwi-YS5mXge9BX_Pi4CpIszVNYE3TFtuqg854Yq9uWaSkECoFWqf-bl-GlOVH54DizRKOMAVoMugBTfKhtK8L9PHCtJ2QSL4yGao= 
sampo@lucid-is.com 
 
   Issuer: 
 
   SAMPO PLC 
 
   Maria Silander 
 
   Communications Manager, Media Relations 
 
   Telephone: +358 10 516 0031 
 
   Email: 
https://www.globenewswire.com/Tracker?data=yhqs2j_MxzsZQofxVGvzCJG54GwZ7mfdLGjCuwG5pVBV4fvzHb8xh9sMlDJFqeALf6A78itBWn_EPniJ32zyJozQPVChtZJFaEZoNdrSXKI= 
maria.silander@sampo.fi 
 
   Mirko Hurmerinta 
 
   Investor Relations and Communications Specialist 
 
   Telephone: +358 10 516 0032 
 
   Email: 
https://www.globenewswire.com/Tracker?data=0s5ySigbjNTwhLdDvxkUtIRvCxsl8_JYy6prkEc5qoMF7Y7W11eJWMmuEdZcaUbj0RB4yZrCXxmFfZgqHzDIQDO-TacO1jDJmq5SvN_ZExoKAaTZSNC9UkbheEAtdiAb 
mirko.hurmerinta@sampo.fi 
 
   DISCLAIMER: 
 
   The offer period for the Tender Offers has now expired. No further 
tenders of any Securities may be made pursuant to the Tender Offers. 
This announcement must be read in conjunction with the Tender Offer 
Memorandum. No offer or invitation to acquire any securities is being 
made pursuant to this announcement.  The distribution of this 
announcement and the Tender Offer Memorandum in certain jurisdictions 
may be restricted by law.  Persons into whose possession this 
announcement and/or the Tender Offer Memorandum comes are required by 
each of the Issuer, the Dealer Managers and the Tender Agent to inform 
themselves about, and to observe, any such restrictions. 
 
 
 
 
 
   Distribution: 
 
   Nasdaq Helsinki 
 
   London Stock Exchange 
 
   The principal media 
 
   Financial Supervisory Authority 
 
   https://www.globenewswire.com/Tracker?data=VGJ93Std-mJnyhnwDcncaSeM-wrFOpxbk4Bomx3nH0tkCC6bBMIIvd1RH7LgRUON75xweY0IINbYk9jiSpDFNw== 
www.sampo.com 
 
 
 
 

(END) Dow Jones Newswires

12-01-20 0220ET

Stocks mentioned in the article
ChangeLast1st jan.
CITIGROUP INC. -0.87% 61.33 Delayed Quote.-0.54%
LONDON STOCK EXCHANGE PLC -0.57% 9120 Delayed Quote.1.24%
NASDAQ COMP. 0.09% 13543.061633 Delayed Quote.4.99%
NORDEA BANK ABP -0.81% 70.92 Delayed Quote.5.50%
SAMPO CORPORATION -0.39% 25.25 End-of-day quote.-3.07%
SAMPO OYJ -0.20% 35.69 Delayed Quote.3.24%
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Financials
Sales 2020 4 480 M 5 452 M 5 452 M
Net income 2020 1 028 M 1 251 M 1 251 M
Net Debt 2020 2 760 M 3 358 M 3 358 M
P/E ratio 2020 19,3x
Yield 2020 4,74%
Capitalization 19 821 M 24 127 M 24 120 M
EV / Sales 2020 5,04x
EV / Sales 2021 4,87x
Nbr of Employees 10 257
Free-Float 89,2%
Chart SAMPO OYJ
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Sampo Oyj Technical Analysis Chart | SAMPO | FI0009003305 | MarketScreener
Technical analysis trends SAMPO OYJ
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 39,24 €
Last Close Price 35,69 €
Spread / Highest target 31,7%
Spread / Average Target 9,95%
Spread / Lowest Target -13,1%
EPS Revisions
Managers and Directors
NameTitle
Torbjörn Magnusson President & Group Chief Executive Officer
Björn Arne Christer Wahlroos Chairman
Knut Arne Alsaker Chief Financial Officer
Risto Fredrik Murto Independent Director
Christian Clausen Independent Director
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