#Sweden #Gothenburg #AB SKF #Voting Shares #Share Conversion

AB SKF Announces Changes in Total Number of Votes

On December 30, 2024, SKF published a press release regarding a significant change in its total number of votes due to the conversion of shares from Series A to Series B. This decision is in accordance with the company's Articles of Association, aiming to provide a clearer structure for shareholders.

As of the specified date, the company confirmed that there are a total of 455,351,068 shares in AB SKF. Out of this total, 28,983,999 shares are categorized as Series A shares, while a substantial 426,367,069 shares constitute Series B. The total number of votes attributed to the company amounts to 71,620,705.9. Notably, AB SKF does not hold any own shares, marking a transparent equity structure that may appeal to potential investors.

This modification in share classification highlights SKF's commitment to adapting its shareholder structure in response to evolving market conditions. By converting Series A shares to Series B, the company positions itself to enhance liquidity and attract a broader range of investors.

In the press release, SKF emphasized that this information is disclosed to comply with the Financial Instruments Trading Act, underscoring the company's dedication to maintaining transparency with its shareholders and the general public.

Media and Investor Relations
For more information, the media can contact Carl Bjernstam, the Head of Media Relations, at +46 31-337 2517 or via mobile at +46 722-201 893. For inquiries specific to investor relations, Sophie Arnius, the Head of Investor Relations, can be reached at +46 31-337 8072 or through her mobile at +46 705-908 072.

This announcement reflects AB SKF's proactive strategy to maintain a robust corporate governance structure that can adapt as needed while providing clear communication to all parties involved.

In conclusion, the conversion of shares is a strategic move that not only optimizes the voting process within the company but also aims to enhance investor confidence by ensuring an equitable share distribution. As fishing for opportunities continues, it's important for investors and stakeholders to remain informed about the developments within their respective entities, which in this case, includes the steps AB SKF is taking towards better shareholder alignment.

The complete press release is available here.