Shares and shareholders

SHARES

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).

SHAREHOLDERS

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.

Ownership breakdown by sector on 31 December 2017
Share of owners,
%
Share of shares,
%
Share of votes,
%
Corporates 3.46 45.81 73.07
Finance and insurance companies 0.15 1.49 6.32
Public entities 0.05 7.52 2.63
Households 95.58 22.93 8.01
Non-profit organizations 0.55 3.42 1.19
Domestic sectors, total 99.78 81.16 91.21
Abroad 0.22 0.49 0.27
All sectors, total 100.00 81.65 91.48
General account 0.24 0.08
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Ownership breakdown by amount of share on 31 December 2017
Number of shares held Shareholders Shareholders, % Shares Shares, % Votes Votes,%
1–100 3 267 26.75 161 796 0.29 161 796 0.10
101–500 4 550 37.26 1 295 872 2.36 1 295 872 0.82
501–1 000 1 965 16.09 1 538 258 2.80 1 538 258 0.98
1 001–5 000 1 987 16.27 4 443 622 8.06 4 443 622 2.82
5 001–10 000 230 1.88 1 653 551 3.01 1 653 551 1.05
10 001–50 000 160 1.31 3 219 058 5.85 3 219 058 2.04
50 001–100 000 23 0.19 1 625 635 2.95 1 625 635 1.03
100 001–500 000 15 0.12 3 354 442 6.10 3 354 442 2.13
500 001– 15 0.12 36 938 948 67.13 126 903 948 80.51
Total 12 212 100.00 54 231 182 98.56 144 196 182 91.48
of which nominee registered 8 9 303 431 16.91 9 303 431 5.90
Waiting list 1 665 000 1.21 13 300 000 8.44
General account 130 340 0.24 130 340 0.08
Number of shares issued 55 026 522 100 157 626 522 100
20 largest shareholders on 31 December 2017
A shares K shares Of total shares, % Of total votes, %
1 LSO Osuuskunta 14 458 884 4 735 000 34.88 69.25
2 Lantmännen ek. För 2 619 750 665 000 5.97 10.10
3 Tiiviste-Group Oy 1 250 000 0 2.27 0.79
4 Keskinäinen työeläkevakuutusyhtiö Varma 1 192 806 0 2.17 0.76
5 Keskinäinen työeläkevakuutusyhtiö Elo 1 142 830 0 2.08 0.73
6 Apteekkien Eläkekassa 1 081 889 0 1.97 0.69
7 HKScan Oyj 1 008 849 0 1.83 0.64
8 Maa- ja metsätaloustuottajain Keskusliitto MTK ry 836 414 0 1.52 0.53
9 Petter ja Margit Forsströmin säätiö Karl ja Olivia Forsströmin muistolle 670 500 0 1.22 0.43
10 Suhonen Jyrki 567 003 0 1.03 0.36
11 Hisinger-Jägerskiöld Eva 560 000 0 1.02 0.36
12 Sijoitusrahasto Taaleritehdas Arvo Markka Osake 550 000 0 1.00 0.35
13 Valtion Eläkerahasto 500 000 0 0.91 0.32
14 Hallqvist AB 405 000 0 0.74 0.26
15 J & K Hämäläinen Oy 257 000 0 0.47 0.16
16 Nordea Henkivakuutus Suomi Oy 250 000 0 0.45 0.16
17 Mandatum Life 226 164 0 0.41 0.14
18 Keskinäinen eläkevakuutusyhtiö Ilmarinen 218 298 0 0.40 0.14
19 Gripenberg Jarl kuolinpesä 215 000 0 0.39 0.14
20 Sveriges Djurbönder Ek. För. 202 460 0 0.37 0.13