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Delisting | KMC PROPERTIES | 17th July 2024

Solactive notes the acquisition of KMC PROPERTIES (RIC: KMCP.OL) by LOGISTEA AB. Shareholders of KMC are entitled to around 0.04 class A shares and around 0.51 class B shares in Logistea per share held. On July 4, 2024, KMC announced that the distribution will be split into two rounds, capturing approximately 80% and 20% of the value to be distributed. In the first distribution ex-8th July 2024, shareholders will receive a dividend-in-kind with an equivalent amount of NOK 6.3949. The remaining Logistea shares will be distributed in late Q3 or early Q4 2024. Shareholders have two alternative options with respect to receipt of the dividend in kind, either by receipt of shares on a Swedish deposit account (the “First Distribution Shares”) or by Norwegian Depository Receipts (the “NDRs”). Solactive considered this distribution as a special net cash dividend of NOK 6.3949 effective July 8, 2024. On July 11, 2024 LOGISTEA AB completed the combination with KMC PROPERTIES. In order for Solactive AG to offer better valuation of the index and improved replicability KMC PROPERTIES will be removed from the indices and the weight of KMC PROPERTIES based on its last close price will be distributed pro rata to remaining Index constituents on July 17, 2024. In case you have any questions regarding the proposed treatment of this extraordinary corporate action, please do not hesitate to contact for further information.

The treatment below will be applied to the following indices:

  • KMC PROPERTIES will be removed from the Index.
  • The weight of KMC PROPERTIES (KMCP.OL) based on its last close price will be distributed pro rata to remaining Index constituents.
  • Effective Date (open): 17/07/2024

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