HKScan Corporation: Flagging notification in accordance with Chapter 9, Section 10 of the Securities Markets Act
HKScan Corporation, Stock exchange release 27 March 2024 at 01.25 p.m. EET
HKScan Corporation has on 27 March 2024 filed the following notification pursuant to Chapter 9, Section 5 of the Finnish Securities Market Act according to which HKScan Corporation's total holding of own shares has increased above five (5) per cent of shares and above ten (10) per cent of votes on 27 March 2024.
The notification relates to HKScan Corporation's acquisition of a total of 7,534,750 own shares (of which 6,869,750 are A shares and 665,000 are K shares), which Lantmännen ek för transferred on 27 March 2024 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. The notification relating to Lantmännen ek för's position of HKScan Corporation's shares was released earlier today on 27 March 2024.
Total positions of HKScan Corporation 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 | 9.14% of shares 10.75% of votes |
- | 9.14% of shares 10.75% of votes |
98,951,781 shares 201,551,781 votes |
| Positions of previous notification (if applicable) |
- | - | - |
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 FI0009006308 | 8,376,408 | 0 | 8.47% of shares 4.16% of votes |
0 |
| Series K share FI0009006662 |
665,000 shares 13,300,000 votes |
0 | 0.67% of shares 6.60% of votes |
0 |
| Subtotal A | 9,041,408 shares 21,676,408 votes |
9.14% of all shares 10.75% of all votes |
||
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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Nasdaq Helsinki
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www.hkscan.com