The Board of Directors of HKScan Corporation has resolved on a directed share issue without consideration according to the Group’s share based incentive plan 2013, payment of the rewards for the performance period 2013 – 2015.
On April 8, in total 44,885 HKScan Corporation’s A shares owned by the Group have gratuitously been transferred to the participants of the share based incentive plan according to its terms. The establishment and central terms of the incentive plan have been announced by a stock exchange release published on Dec. 20 2012.
The transfer of own shares by a directed share issue without consideration is based on the Board’s authorization granted by the Annual General Meeting on April 14, 2015.
After the transfer HKScan holds a total of 1,008,849 own shares.
