AB SKF Continued Transparency with Upcoming Extraordinary General Meeting for Shareholders

Extraordinary General Meeting of AB SKF

AB SKF, the renowned engineering company based in Gothenburg, Sweden, has announced an important upcoming event for its shareholders. On October 1, 2026, an Extraordinary General Meeting (EGM) will be convened, aimed at addressing several significant corporate matters. This meeting represents a crucial opportunity for stakeholders to engage with the board and voice their opinions on the company's future direction.

Meeting Details

Scheduled to begin at 11:00 AM at the Elite Park Avenue Hotel located at Kungsportsavenyn 36-38, attendees are encouraged to arrive by 10:00 for light refreshments before the meeting commences. Shareholders who wish to be part of the proceedings can participate either in person or through postal voting.

To qualify for participation, shareholders need to be listed in the shareholders' register maintained by Euroclear Sweden AB as of September 23, 2026. Those opting for postal voting must ensure that their votes are submitted before September 25, 2026, to Computershare AB, either electronically or by other means specified by the company.

Key Proposals to be Discussed

A central topic of the EGM will be the proposed distribution of shares in SKF Vertevo AB, a wholly-owned subsidiary representing the company's Automotive sector. This distribution is part of a broader strategy aimed at spinning off this division into a separate entity, allowing for enhanced focus and potentially increased market value.

According to the proposed resolution, stockholders will receive shares in SKF Vertevo based on their existing holdings, where five shares of SKF's Series A stock will entitle them to one share of Series A in SKF Vertevo. A similar ratio applies to Series B shares, establishing a structured approach to the transition.

The meeting will also cover the preliminary agenda, including:
1. Opening remarks;
2. Election of a Chair for the EGM;
3. Approval of the voting list and agenda;
4. Examination of the EGM's proper convening;
5. Decisions regarding the distribution of shares in SKF Vertevo;
6. Authorizing the board to set the record date for the distribution.

Proxy and Participation Requirements

Shareholders intending to attend the meeting in person or via proxy require prior notification and correct registration of their shares. If shares are held through a nominee, arrangements must be made to register shares under the shareholder's name in accordance with the nominee's procedures.

Proxies must be properly appointed, and any legal entity planning to have representation must include proof of authority along with their notification of participation. Detailed instructions on how to submit notifications and proxies are available on SKF's official website.

Why Attend?

This EGM is an essential occasion for stakeholders of AB SKF to shape the future of the company, particularly regarding the strategic moves surrounding SKF Vertevo. Engaging with fellow shareholders and the board can provide further insights into the company's trajectory and decision-making processes.

Additionally, any questions regarding the meeting or voting procedures can be directed to Computershare AB, ensuring shareholders have access to the information they need to participate effectively.

In closing, this Extraordinary General Meeting is not just a formal obligation; it represents a vital junction in AB SKF's journey. Through thoughtful engagement, shareholders can play an active role in influencing the company’s direction during this pivotal moment.