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

Recent Update from AB SKF

On January 30, 2026, AB SKF publicly announced a change in the total number of votes associated with its shares due to a conversion from Series A shares to Series B shares, as outlined in the company’s Articles of Association. This adjustment marks a notable shift in the company's equity structure and voting processes.

As of 30 January 2026, the total number of shares for AB SKF now stands at 455,351,068. This includes 28,918,320 shares classified as Series A and a substantial 426,432,748 shares identified as Series B. This shift has resulted in the overall number of votes in the company reaching 71,561,594.8. Notably, AB SKF does not possess any treasury shares.

The decision to convert shares is part of the company’s ongoing efforts to streamline operations and enhance shareholder engagement by adjusting the voting rights associated with different classes of stock. By permitting the conversion from Series A shares, the company aims to balance the power dynamics in its voting structure, likely reflecting a strategic move towards more inclusive governance practices.

The announcement was made in compliance with the Financial Instruments Trading Act, which mandates transparency regarding significant operational changes that could influence investor decision-making. As such, the company is dedicated to ensuring that its stakeholders are kept informed of pertinent changes affecting their investments.

For further inquiries, both the press relations and investor relations departments of AB SKF are available to provide details:

• - Press Relations Contact: Carl Bjernstam, reachable at +46 31-337 2517 or +46 722 201 893.
• - Investor Relations Contact: Sophie Arnius, contactable at +46 31-337 8072 or +46 705 908 072.

This adjustment in voting shares arrives at a crucial moment as AB SKF continues to navigate a competitive market environment where stakeholder engagement and corporate governance are increasingly vital for long-term success. The company is poised for a dynamic year ahead, focusing on optimizing shareholder value through strategic transformations.

AB SKF values shareholder input and remains committed to transparency, promising to uphold its responsibilities under the Financial Instruments Trading Act. Future updates and reports will continue to keep shareholders informed about any further changes or developments within the company. By encouraging open communication and feedback, AB SKF aims to foster a robust community of investors who are well-informed and actively engaged in the company’s growth trajectory.

To explore more about AB SKF's initiatives and updates, stakeholders are encouraged to visit the company’s official website and review the resources available in the investor relations section. The focus on transparency and active shareholder involvement underscores AB SKF’s dedication to creating a sustainable business model in today’s evolving economic landscape.