Scandic Hotels Group Reduces Share Count Following AGM Resolution

Scandic Hotels Group AB ( (SE:SHOT) ) has shared an update.

Scandic Hotels Group AB announced a reduction in its number of shares and votes by 4,030,622 following a resolution from the Annual General Meeting. This change reflects the cancellation of previously repurchased shares, bringing the total number of shares and votes to 215,127,300. This adjustment may impact the company’s share value and voting dynamics, potentially affecting investor relations and market perception.

The most recent analyst rating on (SE:SHOT) stock is a Hold with a SEK83.00 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 is the largest hotel company in the Nordic countries, operating around 280 hotels with 58,000 rooms across more than 130 destinations. The company is recognized for its sustainability efforts and its inclusive Design for All concept. Scandic also boasts the largest loyalty program in the Nordic hotel industry and is a top employer in the region. It is publicly listed on Nasdaq Stockholm.

Average Trading Volume: 390,969

Current Market Cap: SEK16.77B

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