Brief: Scandic Hotels Group To Distribute At Least SEK 1.2 Bln To Shareholders 2024-2026

Scandic Hotels AB

29/10/2024 17:09

Oct 29 (Reuters) - Scandic Hotels Group AB  SHOTE.ST :
    * SCANDIC HOTELS GROUP AB - TO DISTRIBUTE AT LEAST SEK 1.2
BILLION
TO SHAREHOLDERS 2024-2026
    * SCANDIC HOTELS GROUP AB - TO LAUNCH SEK 300 MILLION SHARE
BUYBACK PROGRAM IN DECEMBER 2024
    * SCANDIC HOTELS GROUP AB: PROPOSE AN EXTRA DIVIDEND OF
APPROXIMATELY SEK 550 MILLION
    * SCANDIC HOTELS GROUP AB - TO PROPOSE EXTRA DIVIDEND OF SEK
2.50
PER SHARE
    * SCANDIC HOTELS GROUP AB - TARGETS ADJUSTED EBITDA MARGIN
OF AT
LEAST 11% PER YEAR

Source text:  ID:nWkrrbFGZ 
Further company coverage:  SHOTE.ST 

 ((Reuters.Briefs@thomsonreuters.com;))