HKFoods Plc's Articles of Association Finalized

HKFoods Plc's general meeting has approved changes to its articles of association, clarifying the company's business activities, share capital, and the election of its governing bodies.

Article 2 of the articles of association defines HKFoods' scope of business within the meat and foodstuffs industry, including processing of meat industry by-products, engagement in the fodder industry, and related trade and consultation. The company can operate either directly or through its subsidiaries.

The articles stipulate that the company's share capital comprises Series K and Series A shares, with a minimum and maximum number for each. Specifically, there are between 3,600,000 and 8,000,000 Series K shares and between 400,000 and 100,000,000 Series A shares. Each Series K share carries 20 votes, while each Series A share carries one vote at general meetings.

Furthermore, the articles detail the composition of the Board of Directors, which will consist of five to eight members, and outlines the election process. The financial year closes on December 31st. Restrictions on the transfer of Series K shares and redemption obligations under certain ownership thresholds are also specified.

The company is domiciled in Turku. General meetings can be held in Turku, Vantaa, or Helsinki. Detailed regulations for issuing notices of general meetings and conducting remote meetings are also included in the articles.