HKScan Corporation: Flagging notification in accordance with Chapter 9, Section 10 of the Finnish Securities Markets Act
HKScan Corporation, Stock exchange release 27 March 2024 at 01.20 p.m. EET
HKScan Corporation has on 27 March 2024 received a notification under Chapter 9, Section 5 of the Finnish Securities Markets Act, according to which the total holding of shares and votes of Lantmännen ek för in HKScan Corporation has decreased below the five (5) per cent threshold on 27 March 2024.
According to the notification, on 27 March 2024, Lantmännen ek för transferred its 6,869,750 Series A shares and 665,000 Series K shares in HKScan Corporation to HKScan Corporation as part of the purchase price in a transaction where Lantmännen ek för acquired HKScan Corporation's Swedish subsidiary HKScan Sweden AB. As a result of the sale, Lantmännen ek för no longer holds any shares in HKScan Corporation.
Total position of Lantmännen ek för subject to the notification:
% of shares and voting rights |
% of shares and voting rights through financial instruments | Total of both in % | Total number of shares and voting rights of issuer | |
| Resulting situation on the date on which threshold was crossed or reached | 0.00% | - | 0.00% | 98,951,781 shares 201,551,781 votes |
| Positions of previous notification (if applicable) |
5.97% of shares 10.10% of votes |
- |
5.97% of shares |
Notified details of the resulting situation on the date on which the threshold was crossed or reached:
A: Shares and voting rights
| Class / type of shares | Number of shares and voting rights | % of shares and voting rights | ||
| Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | Direct (SMA 9:5) | Indirect (SMA 9:6 and 9:7) | |
| Series A share, ISIN code FI0009006308 | 0 | 0 | 0.00 | 0.00 |
| Series K share, ISIN code FI0009006662 | 0 | 0 | 0.00 | 0.00 |
| Subtotal A | 0 | 0.00 | ||
HKScan’s shares are divided into two share series as follows: 93,551,781 A shares (94.54 per cent of the total number of shares) and 5,400,000 K shares (5.46 per cent of the total number of shares). Each A share entitles to one (1) vote, and each K share entitles to twenty (20) votes.
For further information
Markku Suvanto, EVP Administration and Legal, tel. +358 10 570 6914 or by email markku.suvanto@hkscan.com
HKScan Media Service Desk, email communications@hkscan.com or tel. +358 10 570 5700
With 110 years of experience, we at HKScan make life tastier – today and tomorrow. Our strategic target is to grow into a versatile food company. Our home markets are Finland and Denmark, where around 3,600 of our professionals make responsible and locally produced food for consumers’ varied food moments. Our well-known brands include HK®, Kariniemen®, Via® and Rose®. We are developing a more climate-friendly way of producing food. HKScan is a publicly listed company, and in 2023, our net sales from continuing operations totalled nearly EUR 1.2 billion. www.hkscan.com
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www.hkscan.com