Autoliv changes SDR terms, ISIN code, and names SEB as withholding agent effective Feb 29

AUTOLIV INC

SEB replaces Euroclear Sweden as Withholding Agent for Autoliv SDRs; ISIN code changes effective Feb 29, 2024.
Last trading day for current ISIN is Feb 27; first trading with new ISIN on Nasdaq Stockholm Feb 28.
From Feb 26-29, conversion between SDRs and NYSE-listed common stock is suspended.
Owner-registered CSD accounts must transfer to custody/nominee account by Feb 29 or be auto-converted to common stock.
SDR holders should ensure bank/custodian has Qualified Intermediary status with IRS to avoid higher US dividend withholding tax.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.85

AUTOLIV INC entered into General Terms and Conditions for Swedish Depository Receipts in Autoliv, Inc. with Euroclear Sweden; Skandinaviska Enskilda Banken valued at Further updates to Terms and Conditions for new ISIN-coded SDRs, including account differentiation a (effective 2024-02-28).

Action: entry
Counterparty: Euroclear Sweden; Skandinaviska Enskilda Banken
Value: Further updates to Terms and Conditions for new ISIN-coded SDRs, including account differentiation a
Effective: 2024-02-28

Exact text from the filing

Autoliv, Inc. (the “Company”) announced changes to its Swedish Depository Receipts (“SDRs”) following Euroclear Sweden’s termination of its agreement to act as Withholding Agent. Effective January 29, 2024, the Company updated its General Terms and Conditions for Swedish Depository Receipts in Autoliv, Inc. (“Terms and Conditions”) for the existing SDRs.

View on SEC.gov

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.85

Action: entry
Counterparty: Euroclear Sweden; Skandinaviska Enskilda Banken
Value: Further updates to Terms and Conditions for new ISIN-coded SDRs, including account differentiation a
Effective: 2024-02-28

Exact text from the filing

Effective January 29, 2024, the Company updated its General Terms and Conditions for Swedish Depository Receipts in Autoliv, Inc. (“Terms and Conditions”) for the existing SDRs.

View on SEC.gov

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Source: SEC EDGAR

accession 0000950170-24-010073

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