Scandic’s President & CEO Jens Mathiesen exercises share options issued by Stena Sessan and Formica Capital

Scandic’s President & CEO Jens Mathiesen has increased his shareholding in Scandic by exercising 155,000 share options in the company. The options were issued by the shareholders Stena Sessan and Formica Capital in May 2021 with the purpose of creating incentives and promoting long-term leadership.

To partially finance the exercise price as well as taxes, Jens Mathiesen has divested 95,000 of the Scandic shares he previously owned. Following the transactions, his shareholding in Scandic has increased by 60,000 shares to a total of 394,665 shares.

Scandic did not participate in issuing the options. Since the options were issued by shareholders, there is no dilution effect. For more information about the options, please refer to the press release published in connection with the acquisition of the options via the following link.

The transactions will be reported to the Swedish Financial Supervisory Authority (Finansinspektionen) in accordance with applicable regulations.