PROPOSALS OF THE BOARD OF DIRECTORS OF HKSCAN CORPORATION TO THE ANNUAL GENERAL MEETING

HKScan Corporation          STOCK EXCHANGE RELEASE   17 March 2009, at 9am

PROPOSALS OF THE BOARD OF DIRECTORS OF HKSCAN CORPORATION TO THE ANNUAL GENERAL
MEETING 

The Board of Directors of HKScan Corporation has decided to convene the
shareholders of the company to the Annual General Meeting to be held at 11am on
Thursday, 23 April 2009 in Helsinki in Congress Hall A of Finlandia Hall,
address Mannerheimintie 13 e (entrance: M1 and K1), Helsinki, Finland. 

The Board of Directors shall address the following proposals in the meeting:

PAYMENT OF DIVIDEND

The Board of Directors proposes to the Annual General Meeting that a dividend
of EUR 0.24 be paid for each share. The dividend shall be paid to shareholders
registered on the record date as a shareholder in the Company's shareholders'
register maintained by Euroclear Finland Ltd (Finnish Central Securities
Depository). The Board of Directors proposes that the record date for the
dividend payment be 28 April 2009 and the payment date be 6 May 2009. 

PROPOSALS CONCERNING THE BOARD OF DIRECTORS

In accordance with the recommendation given by the Board of Directors'
Nomination Committee the Board of Directors proposes that the number of members
of the Board of Directors shall be five (5) and that the current Board members
Mr Markku Aalto, Ms Tiina Varho-Lankinen, Mr Matti Karppinen, Mr Johan Mattsson
and Mr Matti Murto be re-elected for the next term of office. 

In accordance with the recommendation given by the Board of Directors'
Nomination Committee the Board of Directors proposes that the annual
remuneration payable to the members of the Board of Directors to be elected for
the next term of office be unchanged, i.e. EUR 20,000 to Board member, EUR
25,000 to Vice Chairman of the Board and EUR 40,000 to Chairman of the Board.
In addition, a compensation of EUR 500 per meeting is proposed for attendance
at Board and Board committee meetings. Travel expenses will be compensated
according to company travel policy. 

PROPOSALS CONCERNING THE AUDITORS 

In accordance with the recommendation given by the Board of Directors' Audit
Committee the Board of Directors proposes that PricewaterhouseCoopers Oy, an
audit firm chartered by the Central Chamber of Commerce, with CPA Johan
Kronberg as responsible auditor, and CPA Petri Palmroth be elected as the
Company's auditors until the close of the next Annual General Meeting of
Shareholders, and that CPA Mika Kaarisalo and CPA Pasi Pietarinen be elected as
deputy auditors. 

In accordance with the recommendation given by the Board of Directors' Audit
Committee the Board of Directors proposes that the remuneration for the auditor
be paid according to the auditor's invoice accepted by the company. 

PROPOSAL TO AMEND THE ARTICLES OF ASSOCIATION

The Board of Directors proposes that Article 7 of the Articles of Association
be amended as follows: 
“Notices to general meetings of shareholders shall be given by publication
thereof in at least two (2) national daily newspapers, as determined by the
Board of Directors, no earlier than three (3) months and no later than three
(3) weeks before the meeting.” 

AUTHORIZATION TO DECIDE ON THE PURCHASE OF THE COMPANY'S OWN SERIES A SHARES

The Board of Directors proposes to the Annual General Meeting to authorize the
Board of Directors to resolve on purchasing the Company's own Series A shares,
as follows: 
The aggregate number of Series A shares to be purchased shall not exceed
3,500,000, which corresponds to approximately 8.9% of all the shares in the
Company and approximately 10.3% of all the Series A shares in the Company. 

The Company's own shares may be purchased on the basis of the authorization
only by using non-restricted equity. The Company's own shares may be purchased
for a price quoted in public trading on the purchase day or for a price
otherwise determined by the market. 

The Board of Directors shall resolve upon the method of purchase. Among other
means, derivatives may be utilized in purchasing the shares. The shares may be
purchased in a proportion other than that of the shares held by the
shareholders (directed purchase). The authorization is effective until 30 June
2010. 

The authorization revokes that granted on 22 April 2008 by the Annual General
Meeting to the Board of Directors to acquire the company's own A Shares. 


AUTHORIZATION TO RESOLVE ON AN ISSUE OF SHARES, OPTIONS AS WELL AS OTHER
INSTRUMENTS ENTITLING TO SHARES 

The Board of Directors proposes to the Annual General Meeting of Shareholders
to authorize the Board of Directors to resolve on an issue of shares, options,
as well as other instruments entitling to shares as referred to in Chapter 10
Section 1 of the Companies Act, as follows: 
The authorization applies to issuing of Series A shares. The Board of Directors
shall be authorized to decide on the number of shares to be issued. The
authorization shall, however, be limited to a maximum of 5,500,000 Series A
shares. The maximum amount of the shares covered by the authorization
corresponds to approximately 14.0% of all the registered shares of the Company
and approximately 16.2% of Series A shares. 

The Board of Directors shall be authorized to resolve upon all the terms and
conditions of the issue of shares and other instruments entitling to shares.
The authorization to issue shares shall cover the issuing of new shares as well
as the transfer of the Company's own shares. The issue of shares and other
instruments entitling to shares may be implemented as a directed issue. The
authorization shall be effective until 30 June 2010. 

The authorization revokes that granted on 22 April 2008 by the Annual General
Meeting of Shareholders to the Board of Directors to resolve on an issue of
shares, options as well as other instruments entitling to shares. 

The authorizations to purchase the Company's own shares and to issue new shares
are proposed in order to enable the Board of Directors to decide flexibly on
capital markets transactions that are beneficial for the Company, such as
securing the financing needs of the Company or implementing acquisitions. A
directed purchase of the Company's own shares and a directed share issue always
requires a weighty economic reason for the Company and the authorizations may
not be utilized inconsistently with the principle of equal treatment of
shareholders. 


HKScan Corporation

The Board of Directors


Further information:
Matti Perkonoja, CEO of HKScan Corporation. Please leave any messages for him
to call with Marjukka Hujanen on +358 (0)10 570 6218. 


DISTRIBUTION:
Nasdaq OMX, Helsinki
Main media
www.hkscan.com

About Us

HKScan is a Nordic meat and meals company. We employ over 7 300 professionals in striving to serve the world ìs most demanding consumers, maintaining quality throughout the full chain of operations, From Farm to Fork. HKScan produces, markets and sells high-quality, sustainably produced pork, beef, poultry and lamb products, as well as charcuterie and meals, with strong consumer brands, including HK®, Scan®, Rakvere®, Kariniemen®, Rose®, Pärsons® and Tallegg®. Our customers are the retail, food service,industrial and export sectors, and our home market comprises of Finland, Sweden, Denmark and the Baltics. We export to close to 50 countries. In 2017, HKScan had net sales of EUR 1.8 billion, making us one of Europe’s leading meat and meals companies.www.hkscan.com

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