AB SKF Announces Change in Total Number of Votes Following Share Conversion

AB SKF, a leader in bearing technology, has recently confirmed a transformative change in the composition of its share structure. As part of the company's commitment to maintaining transparency and adhering to its Articles of Association, AB SKF has converted a number of shares from Series A to Series B. This conversion is pivotal as it affects the overall voting framework within the company.

As of March 31, 2025, the total shares reported by AB SKF stands at 455,351,068. Out of these, 28,930,844 shares belong to Series A, while a substantial 426,420,224 shares fall under Series B. This marks a significant shift in the voting rights associated with the shares, which now amounts to a total of 71,572,866.4 votes.

Furthermore, it's crucial to note that AB SKF does not hold any shares of its own, underscoring its commitment to a fair and transparent representation of shareholder interests. This strategic move not only reflects the company’s dynamic approach to Adjusting its equity structure but also aims to enhance shareholder engagement and participation in corporate governance.

This announcement is mandatory under the Financial Instruments Trading Act, signaling the company's obligation to share such critical changes with the public. The information was officially submitted for publication at 08:00 CEST on the same date, emphasizing AB SKF's commitment to timely communications.

Implications of the Share Conversion

The conversion of Series A shares to Series B shares is indicative of AB SKF's ongoing efforts to optimize its capital structure. This decision can lead to various outcomes for shareholders, especially in terms of voting power and influence on company decisions. Series A shares typically carry different voting rights compared to Series B shares, and this conversion might reshape the dynamics of shareholder influence moving forward.

Stakeholders in AB SKF should take this alteration into account as they assess their positions and strategies related to investments within the company. Increased Series B shares suggest a larger portion of the company is represented with potentially different voting rights, which may alter the decision-making process within the company.

Communication Channels

AB SKF has provided resources for stakeholders seeking additional context about these changes. For further inquiries, investors and media representatives can reach out to:
Press Relations: Carl Bjernstam at +46 31-337 2517 or +46 722 201 893 (carl.bjernstam@skf.com)
Investor Relations: Sophie Arnius at +46 31-337 8072 or +46 705 908 072 (sophie.arnius@skf.com)

This notable change in share structure reinforces AB SKF's position within the market and is indicative of its continuous commitment to adapt and evolve in response to the global business environment. Investors and stakeholders are encouraged to stay informed regarding future developments that may arise as a result of this share conversion.