Announcement of change in the total number of votes in AB SKF

Rhea-AI Summary

On August 2, 2021, AB SKF announced a conversion of shares from Series A to Series B, impacting its capital structure. As of July 30, the company holds a share capital of SEK 1,138,377,670, with a total of 30,658,879 Series A shares and 424,692,189 Series B shares. The total voting power now stands at 73,128,097.9. Notably, AB SKF does not possess any own shares. This information fulfills the company's obligations under the Financial Instruments Trading Act.

Positive

• Total share capital remains stable at SEK 1,138,377,670.
• Increase in Series B shares enhances flexibility for future financing.

Negative

• Conversion from Series A to Series B could dilute voting power for existing shareholders.
• Absence of own shares limits potential for share buybacks.

GOTHENBURG, Sweden, Aug. 2, 2021 /PRNewswire/ -- Due to a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association, the Company confirms the following.

As per 30 July, the Company's share capital amounts to SEK 1,138,377,670 and the total number of shares amounts to 30,658,879 shares of Series A and 424,692,189 shares of Series B. The number of votes in the Company amounts to 73,128,097.9.

AB SKF does not hold any own shares.

Aktiebolaget SKF (publ)

This is information that AB SKF is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication at 8:00 CET on 2 August 2021.

For further information, please contact:

PRESS: Theo Kjellberg, Director, Press Relations
tel: 46 31 337 6576, mobile: 46 725-776576, e-mail: theo.kjellberg@skf.com

INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
Patrik Stenberg, 46 31-337 2104; 46 705-472 104; patrik.stenberg@skf.com

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SOURCE SKF

FAQ

What is the change in voting power for AB SKF as of August 2021?

As of July 30, 2021, AB SKF's total voting power is 73,128,097.9.

How many Series B shares does AB SKF have after the conversion?

AB SKF has 424,692,189 Series B shares following the conversion.

What is the total share capital of AB SKF?

AB SKF's total share capital amounts to SEK 1,138,377,670.

Is AB SKF holding any of its own shares?

No, AB SKF does not hold any of its own shares.

When was the announcement regarding AB SKF's share conversion made?

The announcement was made on August 2, 2021.