Scandi Standard purchases own shares
In accordance with the resolution of the AGM on 25 April 2016, Scandi Standard announces today the commencement of a share purchase program, to secure the cost and delivery of shares to participants in the company’s Long Term Incentive Plan 2016. The program will meet the following terms:
- A maximum of 269,598 shares in the company may be acquired.
- The purchases will take place between now and the next AGM.
- Acquisitions shall be made on the Nasdaq Stockholm at the prevailing market price.
- Payment for shares shall be made in cash.
Tobias Wastensson, Acting CFO, Scandi Standard, +46 10 456 14 86
Scandi Standard is the largest producer of chicken-based food products in the Nordic region with leading positions in Sweden, Denmark, Norway and Finland. The company produces, markets and sells chilled and frozen products under the brands Kronfågel, Danpo and Den Stolte Hane. In Norway, eggs are also packed and sold. For more information, see www.scandistandard.com