#Sweden #Gothenburg #Series B #AB SKF #Series A

AB SKF Updates Voting Shares

On January 31, 2025, AB SKF, a leading global supplier of bearings, seals, and lubrication systems, revealed significant updates regarding its voting shares. This announcement stems from a recent conversion of shares from Series A to Series B, which aligns with the company's Articles of Association. As a result of this conversion, the total number of shares in the company now stands at 455,351,068.

Breakdown of Shares

The breakdown of the share classes is noteworthy: out of the total number of shares, AB SKF holds 28,938,999 shares categorized as Series A, while a substantial 426,412,069 shares are designated as Series B. This restructuring in the share classes also impacts the company's voting rights, which have now been quantified to amount to 71,580,205.9 total votes. It is important to highlight that, as of this announcement, AB SKF does not possess any treasury shares, meaning that all shares are in circulation and owned by shareholders.

Implications for Shareholders

The restructuring of shares and voting rights could have various implications for existing and potential shareholders. The shift from Series A to Series B shares might reflect strategic moves by AB SKF to streamline governance or to attract a different profile of investors. Series A shares typically carry more voting power compared to Series B shares, which can influence how decisions are made at shareholder meetings.

As companies engage in share conversions, the impact on stock prices and stakeholder interest is always closely monitored. Investors may take this shift into account when making decisions about buying, selling, or holding shares in AB SKF going forward.

For further information regarding this announcement, stakeholders are encouraged to reach out to AB SKF's media relations. Carl Bjernstam, the Head of Media Relations, is available for comments and inquiries through phone or email. Likewise, Sophie Arnius, the Head of Investor Relations, provides insights specifically tailored for investors.

Conclusion

This announcement by AB SKF marks an important transition in its corporate governance structure. Shareholders and potential investors should keep a close eye on how these adjustments influence the overall market perception of AB SKF. As always, continuous updates from the company will provide clarity and guidance on future implications of this share conversion.

Contact Information

For press inquiries, please contact:

• - Carl Bjernstam

Phone: +46 31-337 2517
Mobile: +46 722-201 893
Email: [email protected]

• - Sophie Arnius

Phone: +46 31-337 8072
Mobile: +46 705-908 072
Email: [email protected]

This information, as published, is part of AB SKF's commitment to transparency under the Financial Instruments Trading Act and illustrates the company's approach to keeping stakeholders informed about significant corporate actions.