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

Announcement of Change in Voting Structure at AB SKF

Introduction

On January 31, 2025, AB SKF officially disclosed a noteworthy modification in its voting structure following the conversion of shares from Series A to Series B. This change aligns with the stipulations outlined in the company's Articles of Association. The communication promises to provide clarity on the share distribution and total voting counts within the company.

Total Shares and Voting Rights

According to the latest announcement, as of January 31, 2025, AB SKF boasts a total of 455,351,068 shares. The breakdown of these shares is 28,938,999 shares designated as Series A and 426,412,069 shares classified as Series B. These figures indicate a substantial predominance of Series B shares within the total share structure.

In terms of voting rights, the company has confirmed that the total number of votes across all shares amounts to 71,580,205.9. This number plays a crucial role in determining shareholder influence and decision-making within AB SKF. It emphasizes the need for shareholders, analysts, and potential investors to stay informed about such developments as they directly impact the governance and future directions of the company.

As an important note, it was mentioned that AB SKF holds no treasury shares of its own, which simplifies the voting dynamics by ensuring that all votes are accounted for based on the shares currently outstanding.

Communication and Transparency

AB SKF is committed to maintaining transparency regarding its share structure and any changes that could influence shareholder interests. This aligns with the company’s obligations under the Financial Instruments Trading Act in Sweden, which mandates that publicly traded companies must report significant changes that may affect the shareholders.

In promoting openness, the company has made it easy for stakeholders to access this information and engage further. For inquiries, the announcement provided contact details for both media relations and investor relations. The firm encourages feedback and questions to foster an informed shareholder base.

• - Media Relations Contact: Carl Bjernstam, Head of Media Relations

Phone: +46 31-337 2517
Mobile: +46 722-201 893
Email: info@skf.com

• - Investor Relations Contact: Sophie Arnius, Head of Investor Relations

Phone: +46 31-337 8072
Mobile: +46 705-908 072
Email: sophie.arnius@skf.com

Conclusion

The announcement regarding the shift in AB SKF's total vote count highlights the dynamic nature of share ownership within the firm. For investors and other stakeholders, keeping track of these changes is essential for making well-informed decisions about their engagement with the company. As AB SKF continues to evolve, updates like these not only inform but also reassure stakeholders about the company’s commitment to transparency and accountability.

This is a pivotal moment for AB SKF as it navigates through its corporate governance practices, and remaining engaged with continuous updates will be key for all interested parties moving forward.