HKScan Corporation                        Stock Exchange Release         4 June 2012          at 3:15 p.m.

 

HKScan to repurchase  own shares according to the terms of the acquisition of Rose Poultry A/S

The former owners of the Danish company Rose Poultry A/S − Vinderup Poultry A/S, Skovsgaard Fjerkræslagteri A/S and Hedegaard A/S − have today invoked their put option under the terms of the share purchase agreement, announced on 9 September 2010, concerning the shares in Rose Poultry A/S. Consequently, HKScan will repurchase 1 000 000 HKScan Series A shares for EUR 8 000 000 million (á  8,00 euros/share). The shares will be paid within the next 45 business days.

This matter concerns the acquisition of Rose Poultry A/S concluded in 2010. More detailed information about the agreement in HKScan’s stock exchange release of 9 September 2010.

 


HKScan Corporation
Hannu Kottonen
CEO


Further information from HKScan Corporation's administrative and legal director Markku Suvanto. Please leave any messages for him to call with Marjukka Hujanen, tel. +358 10 570 6218.


HKScan is one of the leading food companies in Northern Europe with home markets in Finland, Sweden, Denmark, the Baltic countries and Poland. HKScan manufactures, sells and markets pork and beef, poultry products, processed meats and convenience foods under strong brand names. Its customers are retail, the HoReCa sector, industry and export customers. It had net sales of EUR 2.5 billion in 2011. HKScan has operations in ten countries and has some 11 400 employees.



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