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2007-05-07 13:00:00 CEST 2007-05-07 13:00:00 CEST REGULATED INFORMATION HKScan Oyj - Company AnnouncementHKSCAN TO START ACQUIRING TREASURY SHARESHKScan Oyj STOCK EXCHANGE RELEASE 7 May 2007, at 2pm HKSCAN TO START ACQUIRING TREASURY SHARES The Board of Directors of HKScan Oyj has decided to start acquiring treasury shares no earlier than on 14 May 2007.The shares will be acquired in public trading on the Helsinki Exchanges. The decision is based on the authorisation granted to the Board by the Annual General Meeting of HKScan Oyj on 20 April 2007 to acquire a maximum of 3 500 000 of the company's own shares, a number equal to ca. 8.9% of total registered shares and ca. 10.3% of total A Shares. The company's own shares may be purchased with the company's unrestricted equity only for a price quoted in public trading or a price otherwise determined by the market. The shares are being acquired for instance to provide for the company's financing needs, to execute mergers and acquisitions or for employee incentive purposes. The maximum and minimum consideration to be paid for the shares is determined on the basis of the trading day's price quoted for the share on the Helsinki Exchanges. HKSCAN OYJ Kai Seikku CEO Further information is available from CEO Kai Seikku. Please leave any message for him to call with Katja Backman, tel. +358 (0)10 570 2428. DISTRIBUTION: Helsinki Exchanges Main media www.hkscan.com |
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