SAS AB (SASDQ) has released an update.
SAS AB is set to conclude trading of its common shares and commercial hybrid bonds on several Nordic stock exchanges on August 13, 2024, with a record date for bondholders set for August 15, 2024, as part of its corporate restructuring. The legally binding approval of the company’s Reconstruction Plan leads to the delisting from the exchanges and conversion of shares between the securities depositories in Denmark, Norway, and Sweden will no longer be possible. The company’s capital structure changes, including the withdrawal of shares and bonds, will be finalized after the reconstruction is completed, which is anticipated by the end of August 2024.
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