HKFoods Commences Share Buy-back Program
HKFoods Plc has initiated a share buy-back program for up to 90,000 Series A shares, with a maximum expenditure of EUR 400,000. The program will run from February 13 to April 30, 2026.
HKFoods Plc began a share buy-back program for its Series A shares on February 13, 2026, which will conclude by April 30, 2026. The company intends to repurchase a maximum of 90,000 Series A shares, representing approximately 0.1 percent of its total shares. The total amount allocated for this buy-back initiative will not exceed EUR 400,000.
The primary purpose of the share repurchase is to fulfill the company's obligations under its share-based incentive schemes. The company cited a substantial financial reason for repurchasing shares in a manner not proportional to existing shareholder holdings.
Acquisitions of the Series A shares will be executed on the Nasdaq Helsinki stock exchange at prevailing market prices. These transactions will be conducted using the company's unrestricted equity, adhering to the "safe harbor" rules concerning price and volume limitations as stipulated by EU market abuse regulations.
HKFoods currently holds no treasury shares. The company, with 110 years of experience, reported EUR 1 billion in net sales for 2025 and employs nearly 3,000 people in producing responsible, locally sourced food.