HKScan’s repurchases of own shares have been completed

HKScan’s repurchases of own shares have been completed

HKScan Corporation has completed the buy-back programme concerning the company’s own series A shares, the start of which was announced by the company on 25 September 2019. In trading organised by Nasdaq Helsinki Ltd, the company has between 1 October 2019 and 12 December 2019 acquired a total of 2 000 000 of its own series A shares with an average price of EUR 2.3614 per share. The total purchase price for the shares was EUR 4.7 million.

On 13 December 2019, HKScan Corporation’s total number of shares issued is 98,951,781 and they are divided into two share series as follows: 93,551,781 A Shares and 5,400,000 K Shares. After these repurchases, HKScan Corporation holds a total of 2,000,000 own series A shares.

HKScan Corporation

Further information:

Heidi Hirvonen, SVP, Communications, tel. +358 10 570 6072

HKScan Media Service Desk, tel. +358 10 570 5700, or email: communications@hkscan.com

HKScan Corporation is a publicly listed food company with over one hundred years of experience in responsible Nordic food production for customer and consumer needs. HKScan’s sustainable way of operating spans the entire value chain, from farm to consumer. Our nearly 7,200 professionals ensure our promise of high-quality products that taste good. Our home markets cover Finland, Sweden, Denmark and the Baltics. Our diverse product selection includes poultry, pork, beef, and lamb products as well as charcuterie and meals. The company’s strong consumer brands are HK®, Kariniemen®, Via®, Scan®, Pärsons®, Rakvere®, Tallegg® and Rose®. In 2018, HKScan’s net sales were EUR 1.7 billion.

Distribution:

Nasdaq Helsinki

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