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Spin Off | A P MOLLER-MAERSK-B-UNSP ADR | 30th April 2024

On February 8, 2024 AP MOLLER MAERSK A/S announced the demerger and separate listing of SVITZER GROUP A/S. AP MOLLER MAERSK A/S intends to propose the demerger for approval by AP MOLLER MAERSK A/S shareholders at an extraordinary general meeting expected to be held on 26 April 2024. Subject to such approval at the extraordinary general meeting, AP MOLLER MAERSK A/S shareholders will receive 2 shares in SVITZER GROUP A/S per 1 AP MOLLER MAERSK A/S shares held. The anticipated first day of trading for the shares of SVITZER GROUP A/S on Nasdaq Copenhagen is on 30 April 2024. The demerger and distribution of the SVITZER GROUP A/S shares will be tax-exempt for Danish tax purposes.

The treatment below will be applied to the following indices:

  • The spin-off will be treated as a special cash distribution for A P MOLLER-MAERSK-B-UNSP ADR, based on the open price of SVITZER GROUP A/S on the effective date – adjusted for the transaction terms and no withholding tax applied.
  • Effective Date (open): 30/04/2024

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