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Scandic Hotels Group AB ( (SE:SHOT) ) has provided an update.
Scandic Hotels Group AB held its Annual General Meeting on May 6, 2025, where all proposals by the Board and Nomination Committee were approved. Key resolutions included a dividend of SEK 2.60 per share, re-election of board members, and adoption of a long-term incentive program for key employees. The AGM also authorized the Board to issue new shares and repurchase own shares to optimize capital structure and support the incentive program. These decisions aim to enhance shareholder value and strengthen Scandic’s market position.
More about Scandic Hotels Group AB
Scandic Hotels Group is the largest hotel company in the Nordic countries, operating approximately 280 hotels with 58,000 rooms across more than 130 destinations. The company is a leader in sustainability and accessibility, with its Design for All concept and the largest loyalty program in the Nordic hotel industry. Scandic is listed on Nasdaq Stockholm.
Average Trading Volume: 521,534
Current Market Cap: SEK16.73B
For detailed information about SHOT stock, go to TipRanks’ Stock Analysis page.