Sandvik Board of Directors has decided that following the completion of the internal separation of Sandvik Materials Technology (SMT), Sandvik will proceed with the preparation to distribute SMT to Sandviks shareholders and list the companys shares on the Nasdaq Stockholm Exchange.
The Board intends to propose the distribution and listing of the SMT shares at a shareholders meeting in 2022, provided that the circumstances are deemed right at the time. The intended distribution of shares is expected to meet the Lex Asea requirements and is subject to approval by Sandviks shareholders.
