SCA announces the record date for distribution of shares in Essity to SCA shareholders. The prospectus for admission to trading of shares in Essity to be published on 7 June.
The Board of Directors (BOD) of SCA has set the record date for the distribution of shares in the company's hygiene business spin-off Essity Aktiebolaget, formerly SCA Hygiene AB, to SCA shareholders at 13 June.
"All shares in the wholly owned subsidiary Essity will be distributed, according to which one share of Class A in SCA carries entitlement to one share of Class A in Essity and one share of Class B in SCA carries entitlement to one share of Class B in Essity," the company explained in a press release on 31 May.
According to SCA, the last day of trading in the SCA share with the right to receive distribution of shares in Essity is 9 June. As of 12 June, the SCA share will be traded without this right.
SCA expects the Essity share to start trading on the Nasdaq stock exchange in Stockholm on 15 June.