A.P. Møller – Mærsk A/S – Publication of demerger plan

In continuation of the announcement on 8 February 2024, the A.P. Møller – Mærsk A/S (APMM) Board of Directors has today signed and published a demerger plan for a tax-exempt demerger of APMM with the purpose of separating the company’s towage and marine services activities.

As previously announced, the demerger will be completed by APMM injecting 100% of the shares of Svitzer A/S (Svitzer), including Svitzer’s subsidiaries as well as certain other assets and liabilities related to APMM’s towage and marine services activities, to a new company, Svitzer Group A/S (Svitzer Group), which will be established as part of the demerger. All other activities will remain in APMM.

Upon completion of the demerger, APMM’s shareholders will receive shares in Svitzer Group. The shares will be distributed evenly among APMM’s shareholders, so that every A or B share in APMM of nominally DKK 1,000 will receive 2 new shares of nominally DKK 10 and every A or B share of APMM of nominally DKK 500 will receive 1 new share of nominally DKK 10. Svitzer Group will have a single share class structure and all shares of Svitzer Group will have equal rights.

The demerger is subject to adoption on APMM’s extraordinary general meeting. Notice convening APMM’s extraordinary general meeting is expected to be published later today.
Upon completion of the demerger, the shares of Svitzer Group will be admitted to trading and official listing on Nasdaq Copenhagen A/S.

Further details on the demerger and listing of Svitzer Group are made available on APMM’s website (investor.maersk.com), including the terms and conditions of the demerger and the articles of association for Svitzer Group, which can be found in the demerger plan.

In connection with the listing, Svitzer A/S has prepared a prospectus which will be available on www.svitzer.com/investor later today.

Citigroup Global Markets Limited and Danske Bank A/S are Joint Global Coordinators and Managers, and Nordea Danmark, filial af Nordea Bank Abp, Finland, Skandinaviska Enskilda Banken, Danmark, filial af Skandinaviska Enskilda Banken AB (publ), Sverige, BNP Paribas, and HSBC Continental Europe S.A., Germany are Managers on the contemplated demerger and listing of Svitzer Group.
Source: A.P. Møller – Mærsk