HKScan Corporation: Flagging notification in accordance with Chapter 9, Section 10 of the Securities Markets Act
HKScan Corporation, Stock exchange release 28 March 2024 at 10.00 a.m. EET
HKScan Corporation has on 28 March 2024 received a notification from LSO Osuuskunta under Chapter 9, Section 5 of the Finnish Securities Markets Act, according to which HKScan Corporation's (an entity controlled by LSO Osuuskunta) total holding of own shares has increased above five (5) per cent of shares on 27 March 2024.
According to the notification, HKScan Corporation has on 27 March 2024 announced that it has acquired a total of 7,534,750 own shares. HKScan Corporation is an entity controlled by LSO Osuuskunta, and therefore the flagging notification concerns HKScan Corporation's holding of own shares exceeding the relevant threshold as a result of the acquisition. On 27 March 2024, HKScan Corporation's total holding of own shares has increased above five (5) per cent. In accordance with the Finnish Companies Act (624/2006, as amended), own shares held by HKScan Corporation do not entitle to any rights in the company.
Total positions of LSO Osuuskunta according 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 | 39.27% of shares 59.43% of votes |
- | 39.27% of shares 59.43% of votes |
98,951,781 shares 201,551,781 votes |
| Positions of previous notification (if applicable) |
30.13% of shares 59.43% of votes |
- | 30.13% of shares 59.43% of votes |
|
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 | 25,083,884 | 8,376,408 shares 0 votes |
25.35% of shares 12.45% of votes |
8.47% of shares 0.00% of votes |
| Series K share, ISIN code FI0009006662 | 4,735,000 shares 94,700,000 votes |
665,000 shares 0 votes |
4.79% of shares 46.99% of votes |
0.67% of shares 0.00% of votes |
| Subtotal A | 38,860,292 shares 119,783,884 votes |
39.27% of shares 59.43% of votes |
||
Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity:
| Name | % of shares and voting rights | % of shares and voting rights through financial instruments | Total of both |
| LSO Osuuskunta | 30.13% of shares 59.43% of votes |
30.13% of shares 59.43% of votes |
|
| HKScan Corporation | 9.14% of shares 0.00% of votes |
9.14% of shares 0.00% of 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