Transfer of HKScan’s own shares

HKScan Corporation                                    Stock Exchange Release     8 April 2016   at 11.30 am  

Transfer of HKScan’s own shares

The Board of Directors of HKScan Corporation has resolved on a directed share issue without consideration according to the Group’s share based incentive plan 2013, payment of the rewards for the performance period 2013–2015.

On 8 April 2016, in total 44 885 HKScan Corporation’s A shares owned by the Group have gratuitous been transferred to the participants of the share based incentive plan according to its terms. The establishment and central terms of the incentive plan have been announced by a stock exchange release published on 20 December 2012.

The transfer of own shares by a directed share issue without consideration is based on the Board’s authorization granted by the Annual General Meeting on 14 April 2015.

After the transfer HKScan holds a total of 1 008 849 own shares.

HKScan Corporation
Mikko Nikula
Chairman of the Board

For further information, kindly contact Mikko Nikula, Chairman of the Board of HKScan Corporation. Please submit a call-back request via Marja-Leena Dahlskog, SVP Communications, HKScan Corporation, marja-leena.dahlskog(at)hkscan.com or tel. +358 10 570 2142.

HKScan is the leading Nordic meat expert. We produce, market and sell 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 2015, HKScan had net sales of approximately EUR 1.9 billion and some 7 400 employees.

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