HKScan Oyj - Decisions of extraordinary general meeting

DECISIONS BY HKSCAN CORPORATION'S EXTRAORDINARY GENERAL MEETING

HKScan Corporation         STOCK EXCHANGE BULLETIN      Nov 24, 2009 at 12am


NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN
PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, HONG KONG, JAPAN OR
SOUTH AFRICA. 


DECISIONS BY HKSCAN CORPORATION'S EXTRAORDINARY GENERAL MEETING

HKScan Corporation's extraordinary general meeting was held today Tuesday 24
November 2009 at 10.00 am in the auditorium of Rantasipi Airport Congress
Center in Vantaa. The extraordinary general meeting resolved on the following: 

Authorizing the Board of Directors to decide on directed issuance of shares:

The general meeting authorized the Board of Directors to decide on the issuance
of shares in deviation from the shareholders' pre-emptive rights (directed
issue). The number of shares to be issued based on this authorization shall not
exceed 20,000,000 A shares, which on the date of the general meeting
corresponds to approximately 50.9 % of all of the shares in the Company and
approximately 59.0 % of the A shares in the Company. If all shares that may be
issued under the authorization are issued, the number of shares issued would
correspond to approximately 33.7 % of all of the shares in the Company and
approximately 37.1 % of the A shares in the Company. 

The Board of Directors is authorized to decide on all the conditions of the
issuance of shares. The authorization is effective until the end of the next
Annual General Meeting, however no longer than until 30 June 2010. 

The authorization does not revoke the share issue authorization granted by the
General Meeting on 23 April 2009. 

Amendment of Article 3 of the Articles of Association:

The general meeting resolved to amend Article 3 of the Articles of Association
so that the maximum number of A shares is 60,000,000 instead of 40,000,000
shares. Following the amendment Article 3 of the Articles of Association will
read as follows: 

“Article 3
At least 3,600,000 and at most 8,000,000 of the total number of shares in the
company are Series K shares and at least 400,000 and at most 60,000,000 are
Series A shares. 
Holders of Series K and A shares are entitled to exercise their right to vote
at meetings of shareholders as provided in Article 5 of these Articles of
Association.” 

Minutes of the general meeting

The minutes of the general meeting will be available at the company's internet
pages www.hkscan.com as of 8 December 2009 at the latest. 


HKScan Corporation
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. 


DISCLAIMER:

This announcement does not constitute or form part of an offer or solicitation
to purchase or subscribe for securities in the United States. The securities
referred to herein may not be sold in the United States absent registration or
an exemption from registration under the U.S. Securities Act of 1933, as
amended. HKScan Corporation does not intend to register any portion of the
offering of the securities in the United States or to conduct a public offering
of the securities in the United States. Copies of this announcement are not
being made and may not be distributed or sent into the United States, Canada,
Australia, Hong Kong, Japan or South Africa. 

The information contained herein shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the securities
referred to herein in any jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any such jurisdiction. 

This communication does not constitute an offer of securities to the public in
the United Kingdom. This communication is directed only at (i) persons who are
outside the United Kingdom or (ii) investment professionals falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the “Order”) and (iii) persons falling within Article
49(2) (a) to (d) (“high net worth companies, unincorporated associations etc.”)
of the Order (all such persons together being referred to as “relevant
persons”). Any investment activity to which this communication relates will
only be available to and will be engaged only with, relevant persons. Any
person who is not a relevant person should not act or rely on this document or
any of its contents. 


HKScan is one of the leading food companies in northern Europe with home
markets in Finland, Sweden, the Baltics and Poland. HKScan manufactures, sells
and markets pork and beef, poultry products, processed meats and convenience
foods under several well-known local brand names. Its customers are retail, the
HoReCa sector, industry and export customers. HKScan is active in nine
countries and has some 10,000 employees. Annual net sales are 2.3 billion euro. 


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