May 17, 2018
Stockholm, Sweden, May 17, 2018: The Annual General Meeting of Atlas Copco AB decided on April 24 to distribute all shares of Epiroc AB to the shareholders of Atlas Copco AB. The Board of Directors was authorized to determine the record date for the distribution. The record date has now been set to June 14, 2018, and the first day of trading in Epiroc AB is expected to be June 18, 2018.
Nasdaq Stockholm’s Listing Committee has resolved to admit Epiroc’s shares of series A and shares of series B to trading on Nasdaq Stockholm subject to customary conditions, such as the Swedish Financial Supervisory Authority's approval of the prospectus.
All shares in the wholly-owned subsidiary Epiroc AB will be distributed to Atlas Copco AB’s shareholders in proportion 1:1. One share in Atlas Copco AB will entitle to one share in Epiroc AB. Holders of a series A share in Atlas Copco AB will receive one series A share in Epiroc AB and holders of a series B share in Atlas Copco AB will receive one series B share in Epiroc AB. Apart from being registered as a shareholder of Atlas Copco AB on the record date for distribution, no further actions are required.
The last day for trading in shares of Atlas Copco including the right to receive shares in Epiroc is June 12, 2018. As of June 13, 2018 the Atlas Copco share will be traded without the right to receive shares in Epiroc.
The first day of trading in Epiroc is expected to be June 18, 2018. Epiroc’s shares of series A will be traded under the ticker EPI A with the ISIN code SE0011166933 and shares of series B will be traded under the ticker EPI B with the ISIN code SE0011166941.
The prospectus for admission of trading of Epiroc’s shares is expected to be published on May 25, 2018. The prospectus will be available on Atlas Copco’s and Epiroc’s websites.
Atlas Copco is a world-leading provider of sustainable productivity solutions. The Group serves customers through its innovative compressors, vacuum solutions, generators, pumps, power tools and assembly systems. Atlas Copco develops products and services focused on productivity, energy efficiency, safety and ergonomics. The company was founded in 1873, is based in Stockholm, Sweden, and has a global reach spanning more than 180 countries. In 2017, Atlas Copco had revenues of BSEK 86 (BEUR 9) and about 34 000 employees. Learn more at www.atlascopcogroup.com.