Listing of Alleima
The Sandvik AB 2022 Annual General Meeting has decided, in accordance with the Board of Directors’ proposal, to distribute all shares in the wholly-owned subsidiary Alleima (former business area Sandvik Materials Technology) to the shareholders of Sandvik.
Press releases and key events
|Year||Date||Event and press release|
|2022||August 31||First day of trading in the Alleima shares on Nasdaq Stockholm Press release|
|August 29||Record date for the distribution of the Alleima shares|
|August 26||First day of trading in Sandvik shares without the right to receive shares in Alleima|
|August 25||Last day of trading in Sandvik shares with the right to receive shares in Alleima|
|August 23||Alleima Capital Markets Day Press release|
|August 4||The Board sets the record date for dividend.
Date for the publication of prospectus for listing of Alleima. Press release
|May 19||Invitation to Alleima Capital Markets Day Press release|
|April 27||Annual General Meeting of Sandvik AB Press release
Sandvik shareholders decided to distribute and list Alleima Press release
|April 21||Final date to provide notification of attendance at
Sandvik Annual General Meeting
|April 19||Record date for attendance at Sandvik Annual General Meeting|
|March 23||Notification to Annual General Meeting of Sandvik AB. Press release|
|March 23||The Board proposes distribution and listing of SMT to the AGM. Planned new name Alleima is announced. Press release|
|2021||October 18||The Board sets a target to complete the listing on the Nasdaq Stockholm Exchange during Q2 or Q3 2022, subject to approval by Sandvik’s shareholders. Press release|
|2020||October 16||The Board decides to proceed with the preparation to distribute SMT to Sandvik’s shareholders and list the company’s shares on the Nasdaq Stockholm Exchange. Press release|
|2019||May 6||The Board takes a decision to initiate an internal separation of the business area SMT. Press release|
About the separation of Sandvik Materials Technology
The separation from Sandvik is expected to provide Alleima a clearer mandate to execute its strategy to drive growth, materials innovation, operational and commercial excellence and sustainability. Alleima as a standalone listed company will be able to further strengthen its position as a world-leading manufacturer of advanced stainless steels, special alloys and heating systems for the most demanding industries.
For the future Sandvik Group, the change will enable stronger focus on profitable growth in the remaining areas, that is solutions for mining and rock excavation, rock processing, metal cutting and digital manufacturing.
The sharpened focus of Alleima and the Sandvik Group respectively has the potential to improve long-term value for shareholders in both companies.