English

LSO OSUUSKUNTA AND SWEDISH MEATS EXECUTED STOCK SWAP REGARDING SHARES IN HKSCAN

Report this content 
HKScan Corporation       STOCK EXCHANGE RELEASE, 27 August 2007 at 3.00pm


LSO OSUUSKUNTA AND SWEDISH MEATS EXECUTED STOCK SWAP REGARDING SHARES IN HKSCAN

According to information received by HKScan Corporation, company's largest
shareholder LSO Osuuskunta and Swedish Meats have today executed a stock swap
whereby Swedish Meats transferred 665,000 listed A shares in HKScan to LSO
Osuuskunta and received in return from LSO Osuuskunta the same number of
non-listed voting K shares in HKScan. The stock swap was agreed upon on 13
December 2006 when HK Ruokatalo Group Oyj (now HKScan Corporation) also
disclosed a stock exchange release regarding the agreement. 

Subsequent to the stock swap, LSO Osuuskunta's shareholding comprises 8,838,113
A shares and 4,735,000 K shares equal to 34.53 per cent of all shares and 72.96
per cent of voting rights in HKScan. The shareholding of Swedish Meats in
HKScan subsequent to the stock swap comprises 4,178,000 A shares and 665,000 K
shares, equal to 12.32 per cent of all shares and voting rights in the company. 

According to section 15 of the Articles of Association of HKScan, the transfer
of K shares requires a consent from the company's Board of Directors. The Board
of Directors has approved the transfer of the K shares. 

HKScan Corporation


Kai Seikku
CEO


Further information is available from:
CEO Kai Seikku and CFO Matti Perkonoja. Please leave any messages for them to
call with Katja Backman on +358 10 570 2428 



DISTRIBUTION: 
Helsinki Exchanges
Main media 
www.hkscan.com

Subscribe