#Sweden #Gothenburg #Nasdaq Stockholm #Håkan Buskhe #SKF Vertevo

AB SKF's Extraordinary General Meeting: A Major Development for SKF Vertevo AB

On October 1, 2026, Aktiebolaget SKF conducted an Extraordinary General Meeting, marking a pivotal moment in its corporate trajectory. The main agenda was the distribution of shares in the wholly owned subsidiary, SKF Vertevo AB, which is gearing up for an important milestone: its debut on Nasdaq Stockholm on December 1, 2026. This strategic decision reflects SKF's commitment to its shareholders and the autonomous growth of SKF Vertevo.

Key Details of the Share Distribution

According to the resolutions passed at the meeting, shareholders of AB SKF will receive shares in SKF Vertevo based on their current holdings. Specifically, for every five Class A shares of SKF, shareholders will gain one Class A share in SKF Vertevo. Similarly, for every five Class B shares held, they will receive one Class B share in the new entity. This structured distribution is designed to encourage a smooth transition and increase shareholder engagement in SKF Vertevo.

Håkan Buskhe, the Chair of the Board for SKF Vertevo, expressed his gratitude for the shareholders' overwhelming support during this transition. He stated, "We are very pleased with the support from the shareholders, which marks an important milestone on the path towards establishing SKF Vertevo as an independent and strong listed company." Buskhe emphasized the company’s commitment to enhancing its strong market position in the automotive bearing industry and creating lasting value.

Important Dates to Note

The Extraordinary General Meeting also granted authority to SKF's Board of Directors to determine the record date for this share distribution. This record date is anticipated to be November 27, 2026. Following that, SKF Vertevo shares are expected to begin trading on Nasdaq Stockholm on December 1, 2026.

In preparation for this significant development, a prospectus detailing the admission to trading for SKF Vertevo shares will be published in November 2026. Notably, a Capital Markets Day dedicated to SKF Vertevo is scheduled for November 17, 2026, where details regarding the company's future and its strategic plans will be elaborated.

Here are the key dates to keep in mind:

• - November: Publication of the prospectus for the admission to trade.
• - November 17: Capital Markets Day for SKF Vertevo.
• - November 25: Final trading day of SKF shares with rights for SKF Vertevo shares.
• - November 26: Trading begins for SKF shares without rights to SKF Vertevo shares.
• - November 27: Expected record date for share distribution.
• - December 1: Expected first trading day for SKF Vertevo shares on Nasdaq Stockholm.

Implications for the Automotive Segment

The separation of shares marks a significant operational shift, with the Automotive segment to be classified as discontinued operations. This change will be reflected in SKF’s third-quarter financial report, indicating a clear transition as SKF Vertevo steps into the spotlight as an independent entity.

Conclusion

This decisive move not only paves the way for SKF Vertevo to carve out its identity in the market but also affirms AB SKF’s commitment to maximizing shareholder value. As SKF Vertevo prepares for its independent journey, stakeholders can anticipate exciting developments to follow, positioning the company as a key player in the automotive sector's future. The upcoming Capital Markets Day promises to provide deeper insights into SKF Vertevo’s strategic direction and growth potential.