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Scandic Hotels Group AB ( (SE:SHOT) ) has provided an announcement.
Scandic Hotels Group’s President & CEO, Jens Mathiesen, has increased his shareholding by exercising 155,000 share options issued by shareholders Stena Sessan and Formica Capital. To finance the exercise price and taxes, Mathiesen sold 95,000 of his previously owned shares, resulting in a net increase of 60,000 shares, bringing his total to 394,665 shares. The transaction has no dilution effect on the company as the options were issued by shareholders.
The most recent analyst rating on (SE:SHOT) stock is a Hold with a SEK88.00 price target. To see the full list of analyst forecasts on Scandic Hotels Group AB stock, see the SE:SHOT Stock Forecast page.
More about Scandic Hotels Group AB
Scandic Hotels Group AB is the largest hotel company in the Nordic countries, operating around 280 hotels with 58,000 rooms across more than 130 destinations. Known for its strong focus on sustainability and accessibility, Scandic has an award-winning Design for All concept and a leading loyalty program, Scandic Friends. The company is also recognized as one of the most attractive employers in the region and is listed on Nasdaq Stockholm.
Average Trading Volume: 380,293
Technical Sentiment Signal: Buy
Current Market Cap: SEK19.12B
See more data about SHOT stock on TipRanks’ Stock Analysis page.