Shares and shareholders
At the end of December 2017, HKScan Corporation’s share capital stood at EUR 66 820 528. The Corporation’s total number of shares issued, 55 026 522, were divided into two share series as follows: A Shares, 49 626 522 (90.19% of the total number of shares) and K Shares, 5 400 000 (9.81%). The A Shares are quoted on the Nasdaq Helsinki. The K Shares are held by LSO Osuuskunta (4 735 000 shares) and Lantmännen ek.för. (665 000 shares) and are not listed. There were no changes in number of shares and in holdings of LSO Osuuskunta and Lantmännen ek.för in 2017.
At the end of December 2017, the company held 1 008 849 (1 008 849) A shares as treasury shares, corresponding to 1.8 per cent of the company’s total number of shares, and 0.6 per cent of the total number of votes.
HKScan’s calculational capitalization at the end of December 2017 stood at EUR 169.1 (172.3) million, breaking down as follows: Series A shares had a market value of EUR 152.2 (155.1) million, and the unlisted Series K shares a calculational value of EUR 16.9 (17.2) million.
In January-December 2017, a total of 10 426 342 (1 3313 324) of the company’s shares with a total value of EUR 33 784 168 (42 427 708) were traded. The highest price quoted in the period under review was EUR 3.60 (3.89), and the lowest was EUR 2.96 (2.89). The average price was EUR 3.24 (3.18). At the end of December 2017, the closing price was EUR 3.13 (3.19).
At the end of 2017, the shareholders maintained by Euroclear Finland Ltd included 12 212 (13 226) shareholders. Nominee-registered foreign shareholders held 18.1 (12.6) per cent of the company’s shares.
NOTIFICATIONS OF CHANGES IN HOLDINGS
On 20 November 2017 HKScan Corporation received a notification that the total amount of HKScan Corporaton shares owned by Sveriges Djurbönder ek. för. Had decreased below the threshold of five (5) per cent. According to the notification, the reason for the decrease was the disposal of shares and voting rights resulting from the voluntary liquidation and distribution of assets of Sveriges Djurbönder ek. för.
SHARE-BASED INCENTIVE PLAN
On 10 April 2017 HKScan announced that the Board of Directors of HKScan Corporation approved a share-based long-term incentive plan for the Group’s top management and selected key employees for 2017–2019.
The new share-based incentive plan comprises a one-year performance period, 2017, followed by a restriction period extending to 2018–2019. The potential rewards payable based on the plan will be based on HKScan Group’s return on capital employed (ROCE) and earnings per share (EPS) in the performance period.
Those eligible to participate in the new share-based incentive plan are 28 members of HKScan’s top management and other selected key employees.
SHAREHOLDING OF THE BOARD OF DIRECTORS AND THE PRESIDENT AND CEO
At the end of 2017, members of the Board of Directors and the company’s President and CEO and his deputy, as well as their related parties owned a total of 32 878 A Shares, corresponding to 0.06 per cent of the total number of shares and 0.01 per cent of the votes.