Scandi Standard Gets Shareholder Approval for Rights Issue

05:37 AM EDT, 08/26/2026 (MT Newswires) -- Scandi Standard's (SCST.ST) extraordinary general meeting on Wednesday greenlit the planned rights issue of 3,268,143 new ordinary shares, according to a same-day release. Priced at 125 kronor per ordinary share, the rights issue is completely covered by subscription and underwriting commitments. The subscription period will start on Sept. 1 and run until Sept. 15. The chicken-based food products company will use net proceeds of 398 million kronor to partly fund the ongoing purchase of Irish peer Glenhaven Foods.