Copenhagen, 22 March 2024 – Today, Svitzer A/S (Svitzer) has published a prospectus forming the basis for admission to trading and official listing of the shares of Svitzer Group A/S (Svitzer Group) on Nasdaq Copenhagen, following the expected demerger of A.P. Møller - Mærsk A/S’ (APMM) towage and marine services activities. The demerger is subject to approval at APMM’s extraordinary general meeting convened to be held on 26 April 2024.
The following information is available on www.svitzer.com/investor:
- The prospectus published by Svitzer A/S on 22 March 2024
- An information brochure in Danish, which contains an introduction to Svitzer’s business, a Q&A, and a description of the demerger and the delivery of shares
- Further details on the demerger and listing of Svitzer Group are available on investor.maersk.com, including the statutory demerger documents.
Anticipated timetable for principal events of the demerger and listing of Svitzer Group:
| Publication by APMM of the demerger plan and demerger statement as well as notice convening the extraordinary general meeting of APMM | 22 March 2024 |
| Publication of the prospectus by Svitzer | 22 March 2024 |
| Publication of trading statement for first quarter 2024 by Svitzer | 25 April 2024 |
| Extraordinary general meeting of APMM | 26 April 2024 |
| Cut-off date (last day of trading in APMM shares including Svitzer and related towage and marine services activities) | 29 April 2024 at 5.00 p.m. (CEST) |
| First day of trading in the shares of Svitzer Group on Nasdaq Copenhagen | 30 April 2024 |
| Record date (the time of specification of the APMM shareholders that are to receive shares in Svitzer Group in connection with the demerger) | 1 May 2024 at 5.59 p.m. (CEST) |
| Delivery of shares of Svitzer Group in Euronext Securities to receiving shareholders | 2 May 2024 |
Changes to the timetable may occur, which will then be published via Nasdaq Copenhagen.
Retail investor event
APMM will be hosting an information meeting for its retail shareholders, where Svitzer’s management will present the Svitzer business. The meeting will be held on 8 April 2024 from 4:30-6:00 p.m. CEST at Comwell Copenhagen Portside, Alexandriagade 1, 2150 Copenhagen. APMM shareholders can sign up via the shareholder portal on https://investor.maersk.com/. Last day for sign up is 4 April 2024.
ENDS
About Svitzer
As a leading, global towage and marine services provider, Svitzer’s core business is to assist large seaborne vessels in manoeuvring in and out of ports and terminals to berth and unberth. With more than 450 vessels, Svitzer’s services play a crucial role as part of critical port infrastructure. Svitzer was founded in 1833 and serves approximately 2,000 customers in more than 140 ports and 40 terminals across 37 countries. Read more on www.svitzer.com.
For further information, please contact:
Anders Crillesen, Global Head of Communications
T: +45 27791286
E: anders.crillesen@svitzer.com
Important Information
This announcement does not constitute a prospectus or an offering memorandum and nothing herein contains an offering of securities in Svitzer, Svitzer Group or APMM. This announcement is not intended for distribution or release, directly or indirectly, in or into any jurisdiction where publication, distribution or release would be unlawful.
This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by Svitzer, Svitzer Group or APMM nor shall it or any part of it nor the fact of its distribution or communication form the basis of, or be relied on in connection with, any contract, commitment or investment decision in relation thereto.
This announcement does not constitute, or form part of, an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. The securities of Svitzer Group have not been and will not be registered under the U.S. Securities Act of 1933, as amended.
Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and that can be identified by words such as “believe”, “expect”, “anticipate”, “intends”, “estimate”, “will”, “may”, “continue”, “should”, and similar expressions. The forward-looking statements in this announcement are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although each of Svitzer, Svitzer Group and APMM believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained herein speak only as at its date and are subject to change without notice.
