Collector AB and Collector Bank adopt a joint merger plan

On Monday 7 March 2022, the Boards of Collector AB (publ) (“Collector AB”) and its wholly owned subsidiary Collector Bank AB (“Collector Bank”) have adopted a joint merger plan between the companies. Through the merger, Collector Bank will absorb Collector AB (the "Merger").

Collector announced an intention to carry out the Merger on Monday 7 February 2022. The Boards of Collector AB and Collector Bank have now adopted a joint merger plan. The purpose of the Merger is to further simplify the corporate structure, achieve a more efficient use of internal resources and to optimize the capital position. All operations of the Collector Group remain unchanged following the Merger since all business activities are currently carried out by Collector Bank, and its branches. It also means that the Group's daily operations from a customer perspective will remain unchanged.

In connection with the Merger, the shareholders in Collector AB will receive one (1) share in Collector Bank for each share they owned in Collector AB. The Merger is expected to be completed during the third quarter of 2022, when the shares in Collector Bank are intended to be admitted to trading on Nasdaq Stockholm. The Swedish Securities Council has decided to grant Collector an exemption from applying the rules in section V of the Takeover Rules for Nasdaq Stockholm in connection with the intra-group merger (AMN 2022:07).

Completion of the Merger is subject to that (a) the shareholders of Collector AB approve the Merger and resolve to adopt the merger plan at the Annual General Meeting on Wednesday 4 May 2022, (b) the holders of outstanding bonds in Collector Bank approve certain necessary changes in the terms and conditions for the bonds, (c) the Swedish Financial Supervisory Authority issues the necessary permits and that (d) Nasdaq Stockholm approves that the shares in Collector Bank are admitted to trading.

The joint merger plan is available on Collector’s website, www.collector.se. Prior to the Annual General Meeting, a prospectus will also be prepared and made available.

For further information, please contact:
Peter Olsson, CFO
Phone: +46 73 712 04 46
E-mail: [email protected]

Madeleine Mörch, Head of IR & Communications
Phone: +46 73 712 04 52
E-mail: [email protected]