Transactions by members of the Executive Committee in Scandic to pay taxes related to incentive program

Members of the Executive Committee and other employees of Scandic Hotels Group AB have sold shares in Scandic in connection with the allotment of shares under the recently concluded share-based incentive program LTIP 2022. The sales have been made to cover the tax that arises for the participants in connection with the allotment of shares.

In total, 698,535 shares have been allotted under LTIP 2022, a long-term incentive program for employees launched in 2022. Out of these, 125,719 shares have been sold by members of the Executive Committee to cover tax obligations. Following these transactions, the relevant members of the Executive Committee have a larger holding in Scandic than prior to the allotment.

Current shareholdings for members of the Executive Committee are disclosed on Scandic’s website. Transactions carried out by members of the Executive Committee will be reported to the Swedish Financial Supervisory Authority in accordance with applicable regulations.