HKScan Corporation Stock Exchange Release 21 November 2017
at 16.00 EET
Notification pursuant to the Finnish Securities Markets Act, Chapter 9, section
10
HKScan Corporation has on 20 November 2017 received a notification from
Sveriges Djurbönder ek. för. regarding changes in holdings in accordance with
Chapter 9, Section 5 of the Finnish Securities Markets Act.
According to the notification, the total amount of HKScan Corporation shares
owned by Sveriges Djurbönder ek. för. has decreased below the threshold of five
(5) per cent on 20 November 2017. According to the notification, the reason for
the notification was a disposal of shares and voting rights resulting from the
voluntary liquidation and distribution of assets of Sveriges Djurbönder ek.
för.
Sveriges Djurbönder ek.för's position according to the notification:
% of % of shares and voting % of total Total number
shares rights through financial of shares
and instruments and voting
voting rights
rights
--------------------------------------------------------------------------------
Resulting 0.00% of - 0.00% of 55 026 522
situation on shares shares shares and
the date on and and 157 626 522
which threshold 0.00% of 0.00% of voting
was crossed or voting voting rights
reached rights rights
--------------------------------------------------------------------------------
Position of 6.57% of - 6.57% of
previous shares shares
notification and and
2.29% of 2.29% of
voting voting
rights rights
--------------------------------------------------------------------------------
Notified details of the resulting situation on the date on which the threshold
was crossed:
A: shares and voting rights
Class/type of shares, Number of shares and % of shares and voting rights
ISIN code voting rights
--------------------------------------------------------------------------
Direct Indirect Direct Indirect
--------------------------------------------------------------------------
A-shares, ISIN code 0 0 0 0
FI0009006308
--------------------------------------------------------------------------
Total 0 0
--------------------------------------------------------------------------
According to the notification, the annual general meeting of Sveriges
Djurbönder has on 8 March 2017 resolved to place the association into voluntary
liquidation as of 31 March 2017. In accordance with the resolution of the
annual general meeting convening on 8 March 2017 concerning the liquidation,
the general meeting also resolved that the association's shares in HKScan shall
be distributed to the association's members in proportion to their respective
shares and interests in the association. Pursuant to an agreement entered with
Swedbank Stockholm during the association's liquidation proceedings, Swedbank
is assisting the association in the distribution of such shares.
HKScan's shares are divided into two share series as follows: 49 626 522 A
shares (90.19 per cent of the total number of shares) and 5 400 000 K shares
(9.81 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.
HKScan Corporation
Jari Latvanen
President and CEO
For further details, kindly contact Jari Latvanen, President and CEO HKScan
Corporation. Please submit a call-back request via the Group media desk +358
(0)10 570 5700.
HKScan is the leading Nordic food company. We sell, market and produce
high-quality, responsibly-produced pork, beef, poultry and lamb products,
processed meats and convenience foods under strong brand names. Our customers
are the retail, food service, industrial and export sectors, and our home
markets comprise Finland, Sweden, Denmark and the Baltics. We export to close
to 50 countries. In 2016, HKScan had net sales of nearly EUR 1.9 billion and
some 7 300 employees.
DISTRIBUTION: Nasdaq Helsinki Ltd., Main media, www.hkscan.com© 2017 GlobeNewswire
