Scandic Hotels Group reports changes in share and vote count
Scandic Hotels Group AB has announced a change in its total number of shares and votes as of June 30, 2020, following a rights issue. The total count has increased significantly.
Scandic Hotels Group AB announced that the total number of shares and votes in the company has changed during June 2020. These changes are a result of a previously announced rights issue.
During June, the company's total number of shares increased by 86,907,312 shares, corresponding to 86,907,312 votes. As of the last trading day of June, the total number of shares and votes amounted to 189,892,387.
The rights issue comprised a total of 88,272,918 shares. Of these, the remaining 1,365,606 shares are scheduled to be registered with the Swedish Companies Registration Office in July 2020. This notification was made publicly in accordance with financial market regulations.
Scandic Hotels operates as the largest hotel company in the Nordic region, managing over 280 hotels across eight countries. The company continues to pursue strategic growth and development within the European hospitality sector.