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2007-08-27 14:00:01 CEST 2007-08-27 14:00:01 CEST REGULATED INFORMATION HKScan Oyj - Major shareholder announcementsLSO OSUUSKUNTA AND SWEDISH MEATS EXECUTED STOCK SWAP REGARDING SHARES IN HKSCANHKScan Corporation STOCK EXCHANGE RELEASE, 27 August 2007 at 3.00pm LSO OSUUSKUNTA AND SWEDISH MEATS EXECUTED STOCK SWAP REGARDING SHARES IN HKSCAN According to information received by HKScan Corporation, company's largest shareholder LSO Osuuskunta and Swedish Meats have today executed a stock swap whereby Swedish Meats transferred 665,000 listed A shares in HKScan to LSO Osuuskunta and received in return from LSO Osuuskunta the same number of non-listed voting K shares in HKScan. The stock swap was agreed upon on 13 December 2006 when HK Ruokatalo Group Oyj (now HKScan Corporation) also disclosed a stock exchange release regarding the agreement. Subsequent to the stock swap, LSO Osuuskunta's shareholding comprises 8,838,113 A shares and 4,735,000 K shares equal to 34.53 per cent of all shares and 72.96 per cent of voting rights in HKScan. The shareholding of Swedish Meats in HKScan subsequent to the stock swap comprises 4,178,000 A shares and 665,000 K shares, equal to 12.32 per cent of all shares and voting rights in the company. According to section 15 of the Articles of Association of HKScan, the transfer of K shares requires a consent from the company's Board of Directors. The Board of Directors has approved the transfer of the K shares. HKScan Corporation Kai Seikku CEO Further information is available from: CEO Kai Seikku and CFO Matti Perkonoja. Please leave any messages for them to call with Katja Backman on +358 10 570 2428 DISTRIBUTION: Helsinki Exchanges Main media www.hkscan.com |
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