Allotment of ordinary shares under LTIP 2018 and subsequent sales of shares by senior executives in Scandi Standard

Scandi Standard AB (publ) has at no cost to the recipient allotted and delivered a total of 245,227 existing ordinary shares in the company to participants in the company’s long-term incentive program that was established by the annual general meeting 2018 (LTIP 2018).

The company’s managing director and CEO Leif Bergvall Hansen has informed the company that he has sold ordinary shares in order to cover personal income tax triggered by the allotment. Leif Bergvall Hansen has sold 37,000 of the 76,761 allotted ordinary shares and has after the sale a holding of 733,425 ordinary shares in the company corresponding to a market value of approximately SEK 46 million based on the closing price on Nasdaq Stockholm on 25 May 2021.

Those participants in LTIP 2018 who, in accordance with applicable laws and regulations, are defined as persons discharging managerial responsibilities in the company will report completed transactions to the Swedish Financial Supervisory Authority.

Following the allotment under LTIP 2018, the company holds 733,726 own ordinary shares.

For further information, please contact:
Leif Bergvall Hansen, Chief Executive Officer: +45 22 10 05 44
Henrik Heiberg, Head of M&A, Financing & IR: +47 917 47 724

About Scandi Standard
Scandi Standard is the leading producer of chicken-based food products in the Nordic region and Ireland. The company produces, markets and sells ready to eat, chilled and frozen products under the well-known brands Kronfågel, Danpo, Den Stolte Hane, Manor Farm and Naapurin Maalaiskana. Eggs are also produced and sold in Norway. We are approximately 3,000 employees with annual sales of more than SEK 9 billion. For more information, please visit www.scandistandard.com.

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