SAS Shareholder Program Benefits and Discussions
Jul 4, 2022, 8:10 pm
#121
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,095
Jul 5, 2022, 2:18 am
#122
Join Date: Oct 2011
Programs: EuroBonus Diamond, Delta Skymiles 360, BAEC LTG, Hilton Diamond, Marriott Ambassador
Posts: 2,828
Oct 5, 2023, 6:56 am
#124
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,095
But the ADR way didn’t work to my knowledge, as SAS said it needs the shareholders to be listed as shareholders of record directly for purposes of its internal cap table. Buying the shares directly in kronor did work, but it wasn’t $400. Is the SAS shareholder benefits thing even still alive at this point? If so it may be worth considering how to parlay it for cheap SkyTeam ElitePlus status, but that would require becoming a direct shareholder of record.
Last edited by GUWonder; Oct 5, 2023 at 7:13 am
Oct 5, 2023, 11:58 am
#125
Join Date: Nov 2010
Posts: 439
Do you mean by investing in SASBQ on the US OTC market? That is an ADR and it’s literally a penny stock. But the ADR way didn’t work to my knowledge, as SAS said it needs the shareholders to be listed as shareholders of record directly for purposes of its internal cap table. Buying the shares directly in kronor did work, but it wasn’t $400.
Is the SAS shareholder benefits thing even still alive at this point? If so it may be worth considering how to parlay it for cheap SkyTeam ElitePlus status, but that would require becoming a direct shareholder of record.
But the ADR way didn’t work to my knowledge, as SAS said it needs the shareholders to be listed as shareholders of record directly for purposes of its internal cap table. Buying the shares directly in kronor did work, but it wasn’t $400.Is the SAS shareholder benefits thing even still alive at this point? If so it may be worth considering how to parlay it for cheap SkyTeam ElitePlus status, but that would require becoming a direct shareholder of record.
Oct 6, 2023, 2:14 am
#126
Join Date: Feb 2012
Posts: 96
100K SAS shares can be bought for even less than 400 USD now (~270) but the problem is that one would need to hold them for a full calendar year before getting status under the shareholder program and they will be cancelled long before that.
I'd be surprised if even existing shareholders, who had shares during all of 2023, got their status in 2024. https://www.sasgroup.net/investor-re...older-program/ now says
I'd be surprised if even existing shareholders, who had shares during all of 2023, got their status in 2024. https://www.sasgroup.net/investor-re...older-program/ now says
On October 3, 2023, SAS announced that SAS AB (i.e., the listed parent company for the SAS group) is likely to file for a company reorganization in Sweden in 2024, and that all of SAS AB’s common shares and listed commercial hybrid bonds are expected to be cancelled, redeemed, and delisted as a result of that process. Consequently, terms and conditions for the SAS shareholder program and its benefits may be revised on short notice. More information will be provided in due course.
Oct 6, 2023, 2:31 am
#128
FlyerTalk Evangelist
Join Date: Aug 2010
Location: CPH
Programs: UAMP S, TK M&S E (*G), Marriott LTP, IHG P, SK EBG
Posts: 11,095
Do you mean by investing in SASBQ on the US OTC market? That is an ADR and it’s literally a penny stock. But the ADR way didn’t work to my knowledge, as SAS said it needs the shareholders to be listed as shareholders of record directly for purposes of its internal cap table. Buying the shares directly in kronor did work, but it wasn’t $400.
Is the SAS shareholder benefits thing even still alive at this point? If so it may be worth considering how to parlay it for cheap SkyTeam ElitePlus status, but that would require becoming a direct shareholder of record.
But the ADR way didn’t work to my knowledge, as SAS said it needs the shareholders to be listed as shareholders of record directly for purposes of its internal cap table. Buying the shares directly in kronor did work, but it wasn’t $400. Is the SAS shareholder benefits thing even still alive at this point? If so it may be worth considering how to parlay it for cheap SkyTeam ElitePlus status, but that would require becoming a direct shareholder of record.
Pretty sure they're getting wiped out in Chapter 11, both because that's how Ch 11 works but also a press release. Rarely stocks get converted to debt or warrants but it's only for senior holders. Sweden has A and B stocks, so the A stocks may have different handling, but that's part of the Swedish model.
100K SAS shares can be bought for even less than 400 USD now (~270) but the problem is that one would need to hold them for a full calendar year before getting status under the shareholder program and they will be cancelled long before that.
I'd be surprised if even existing shareholders, who had shares during all of 2023, got their status in 2024. https://www.sasgroup.net/investor-re...older-program/ now says
I'd be surprised if even existing shareholders, who had shares during all of 2023, got their status in 2024. https://www.sasgroup.net/investor-re...older-program/ now says
If you sell it now you'll get 10 EUR, but if you wait you might not get anything.
Oct 6, 2023, 5:16 am
#130
Moderator: SAS
Join Date: Feb 2018
Location: BLL & CPH & ZRH
Programs: LX, SK EBD (*G)
Posts: 3,153
The process of cancelling the shares and delisting the company has only just been announced and doesn't take effect immediately. Until the Swedish court approves this sometime in the future, trading will continue.
Oct 6, 2023, 5:58 am
#131
Join Date: Mar 2021
Posts: 764
There were also substantial buying in the early days of the announcement. I the time frame of the market understanding the delisting implications 🤯
Oct 6, 2023, 7:08 am
#132
Moderator: Lufthansa Miles & More, India based airlines, India, External Miles & Points Resources
Join Date: Dec 2002
Location: MUC
Programs: LH SEN
Posts: 48,187
I suppose its high time I get rid of my 5000 shares while someone is still buying them... I can use the loss to offset my capital gains in 2023. 
Oct 6, 2023, 8:55 am
#133
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,095
Since the shares are worth about their weight in toilet paper, why not just keep them for now and dump them at the end for the 2023 tax year or right upon the share invalidation schedule becoming obvious?
Oct 11, 2023, 10:10 am
#135
Join Date: Feb 2019
Location: ARN
Programs: AC, SK, Marriott
Posts: 1,150
Important changes to the SAS shareholder program
On October 3, 2023, SAS announced that SAS AB, the listed parent company for the SAS group, is likely to file for a company reorganization in Sweden in 2024. As a result of that process, all common shares in SAS AB are expected to be cancelled and delisted from Nasdaq Stockholm, Nasdaq Copenhagen and Oslo Børs. Consequently, and in line with the notice published on SAS’ website on October 3, 2023, the terms and conditions of the SAS shareholder program and its benefits, have been revised.
SAS would like to highlight the following information for you as a shareholder and participant in the shareholder program:
The updated terms and conditions can be found on SAS’ website, https://www.sasgroup.net/investor-relations/shareholder-program/terms-and-privacy-policy/.
On October 3, 2023, SAS announced that SAS AB, the listed parent company for the SAS group, is likely to file for a company reorganization in Sweden in 2024. As a result of that process, all common shares in SAS AB are expected to be cancelled and delisted from Nasdaq Stockholm, Nasdaq Copenhagen and Oslo Børs. Consequently, and in line with the notice published on SAS’ website on October 3, 2023, the terms and conditions of the SAS shareholder program and its benefits, have been revised.
SAS would like to highlight the following information for you as a shareholder and participant in the shareholder program:
- There are no changes to the benefits currently in place, as part of the on-going program period. This means that shareholders who were eligible for benefits on November 30, 2022 (the annual control date for the current program period), will keep their benefits until the current program period expires on March 31, 2024.
- The annual control date for the next program period is changed from November 30, 2023 to October 11, 2023. This means that in order to be eligible for benefits in the next program period, running from April 1, 2024 to March 31, 2025, the average amount of shares held on a monthly basis between November 30, 2022 and October 11, 2023, must amount to the number of shares required for the respective benefit categories.
- The shareholder program will be discontinued following the next program period, which means that as of today, it is no longer possible to qualify for the SAS shareholder program by acquiring shares in SAS AB.
The updated terms and conditions can be found on SAS’ website, https://www.sasgroup.net/investor-relations/shareholder-program/terms-and-privacy-policy/.
Last edited by TechnoTourist; Oct 11, 2023 at 10:15 am