Sampo Group has received all regulatory approvals for its Hastings deal

27 Oct 2020 07:10

SAMPO PLC STOCK EXCHANGE RELEASE 27 October 2020 at 9:10 am

Sampo Group has received all regulatory approvals for its Hastings deal

Sampo announced on 5 August 2020 that Sampo and Rand Merchant Investment Holdings (RMI) have made a recommended cash offer, through a jointly owned company, to acquire all issued and to be issued shares in Hastings Group Holdings Plc not already owned or controlled by Sampo and RMI.

The offer is subject to conditions set out in Part III of the Scheme Document, including the receipt of certain regulatory and antitrust approvals. All of the conditions relating to regulatory and antitrust approvals have now been satisfied.

The Scheme will be effective following completion of the Court Hearing procedure, which is anticipated to be held on 13 November 2020.

More information on the schedule is available at www.hastingsplc.com.

SAMPO PLC

Jarmo Salonen Head of Investor Relations and Group Communications tel. +358 10 516 0030

Maria Silander Communications Manager, Media Relations tel. +358 10 516 0031

Distribution: Nasdaq Helsinki London Stock Exchange The principal media Financial Supervisory Authority www.sampo.com