Adjustment of Share Structure: AB SKF Changes Voting Rights through Series Conversion

AB SKF Adjusts Voting Rights with Share Conversion

On March 31, 2025, AB SKF announced a notable adjustment in its share structure, following the conversion of its Series A shares to Series B shares. This move aligns with the company’s Articles of Association and has significant implications for the total number of voting rights within the firm.

According to the announcement, the total number of shares issued by AB SKF has reached 455,351,068. This newly disclosed figure is comprised of 28,930,844 Series A shares and a substantial 426,420,224 Series B shares. Importantly, the conversion has resulted in the complete tally of voting rights standing at an equivalent of 71,572,866.4 votes. It's noteworthy that AB SKF currently does not hold any of its own shares, signaling a commitment to transparency and shareholder engagement.

This conversion from Series A to Series B shares is a strategic decision for AB SKF, designed to streamline its governance and enhance shareholder confidence. Shareholders are likely to appreciate this move as the company continues to navigate a dynamic market landscape, prioritizing operational efficiency and regulatory compliance.

AB SKF’s decision reflects broader trends in corporate governance, where companies increasingly seek to simplify their share structures to enhance participation in governance and decision-making. Through the transition to Series B shares, AB SKF aims to create a more accessible platform for voting, fostering a more inclusive environment for its investors.

As a leading player in the global manufacturing landscape, this development underscores AB SKF's commitment to maintaining a robust and responsive corporate structure. Investors and stakeholders are encouraged to stay informed about any future announcements regarding AB SKF's share structure and how these developments may further influence their investment strategies.

In conclusion, AB SKF's recent share conversion marks a pivotal moment in its history, positioning the company for future growth while reinforcing its dedication to aligning its governance with shareholder interests. Investors and analysts alike will undoubtedly be monitoring the effects of this change as the company moves forward in the coming months.

For additional inquiries, stakeholders are encouraged to reach out to the company’s press relations and investor relations teams to gain insight into the implications of this strategic shift.

For more information, please contact:
Press Relations: Carl Bjernstam, +46 31-337 2517, +46 722 201 893, [email protected]
Investor Relations: Sophie Arnius, +46 31-337 8072, +46 705 908 072, [email protected]

This update serves as an important reminder of the ongoing evolution within AB SKF and its proactive approach to corporate governance.