HKScan Corporation Stock exchange release
Resolutions passed by the Extraordinary General Meeting of
Confirmation and approval of the sale of
The EGM confirmed and approved the sale of
Authorizations to the Board of Directors
The EGM gave the following two authorizations to the Board:
1. The Board of Directors was authorized to decide on the acquisition of the company's own series A shares and series K shares as follows:
The aggregate number of own shares to be acquired shall not exceed 6,869,750 series A shares and 665,000 series K shares in total, which corresponds to approximately 7.61 percent of all the shares in
The shares may be purchased based on the proposed authorization to complete the sale of the Swedish business by using non-restricted equity. The shares may be purchased in a proportion other than that of the shares held by the shareholders (directed purchase). A directed purchase of the company's own shares always requires a weighty economic reason for the company and the authorization may not be utilized inconsistently with the principle of equal treatment of shareholders.
The maximum amount of consideration payable for the acquisition of a share is
The Board of Directors shall resolve upon other terms and conditions of the purchase. The shares may be acquired in one or more tranches.
The authorization is effective for eighteen (18) months from the decision of the General Meeting.
The authorization does not revoke earlier authorizations granted by the General Meeting to acquire and/or to accept as pledge the company's own shares.
2. The Board of Directors was authorized to decide on the issue of shares as follows:
The shares issued under the authorization are those series A shares or series K shares that are in
The shares may be issued under the proposed authorization to develop the capital structure of the company, to expand the ownership base of the company, or to finance or carry out acquisitions or other arrangements. The Board of Directors is authorized to resolve on all other terms for the share issue. Given the proposed purpose of the authorization, the share issue may take place in a directed manner, i.e., in deviation from the shareholders' pre-emptive right. A directed share issue always requires a weighty economic reason for the company and the authorization may not be utilized inconsistently with the principle of equal treatment of shareholders.
The authorization shall be effective until no later than
The authorization revokes earlier authorizations granted by the General Meeting to decide on the issue of shares or option rights and other special rights entitling to shares.
The minutes of the Extraordinary General Meeting will be available at www.hkscan.com no later than by
Board of Directors
For further information
HKScan Media Service Desk tel. +358 10 570 5700 or email communications@hkscan.com
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