First day of trading in Collector Bank is expected to be on 15 August 2022 – Collector AB applies for delisting
After the approval from the Swedish Financial Supervisory Authority on 21 July 2022 that the intra-group merger between Collector AB (publ) (”Collector AB”) and Collector Bank AB (”Collector Bank”) may be executed, the Board of Collector AB has resolved to apply for delisting of the shares in Collector AB from Nasdaq Stockholm. Nasdaq Stockholm has previously approved the listing of the shares in Collector Bank subject to customary conditions. Collector AB hereby informs of a preliminary timetable. The merger is expected to be completed on 15 August 2022.
The Swedish Financial Supervisory Authority has on 21 July 2022 approved that the intra-group merger between Collector AB and Collector Bank may be executed. Of the conditions set out for the merger, the only one that now remains is for Nasdaq Stockholm’s decision of listing of the shares in Collector Bank to become unconditional, which is expected to occur on 11 August 2022. The merger is expected to be completed on 15 August 2022. Please see the preliminary timetable below.
Clarifications on the date for completion of the merger
The merger between Collector AB and Collector Bank has been completed when the Swedish Companies Registration Office registers the merger and Collector AB is dissolved. Note that there will be no trading in the Collector share on 12 August 2022. The shares in Collector AB will automatically be exchanged to the corresponding number of shares in Collector Bank on respective shareholders’ securities or custody account. No actions are required from the shareholders of Collector AB to receive shares in Collector Bank. It may take a couple of days before the shares in Collector Bank are visible on the shareholders’ securities or custody account.
Preliminary timetable for the completion of the merger
11 August 2022 - Last day of trading in Collector AB on Nasdaq Stockholm
12 August 2022 - No trading will take place in Collector AB or Collector Bank
15 August 2022 - The merger is completed, the Swedish Corporate Registration Office registers the merger – Collector AB is merged into Collector Bank and the shares in Collector Bank are admitted to trading on Nasdaq Stockholm
For further information, please contact:
Peter Olsson, CFO
Phone: +46 73 712 04 46
Madeleine Mörch, Head of IR & Communications
Phone: +46 73 712 04 52
About Collector bank
Collector is a listed bank that specializes in financing solutions for corporates and private individuals, with particular focus on small and medium-sized companies. Read more about Collector