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

Rhea-AI Summary

On May 31, 2021, AB SKF confirmed a conversion of shares from Series A to Series B, resulting in a total share capital of SEK 1,138,377,670. The company now has 30,819,375 shares of Series A and 424,531,693 shares of Series B, affecting the total number of votes to 73,272,544.3. AB SKF does not hold any own shares. This announcement is made pursuant to the Financial Instruments Trading Act, and was publicly disclosed at 8:00 CET on the same date.

Positive

• Total share capital increased to SEK 1,138,377,670.
• Total number of votes now at 73,272,544.3.

Negative

• Share conversion could indicate dilution of voting power for existing Series A shareholders.

GOTHENBURG, Sweden, May 31, 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 31 May, the Company's share capital amounts to SEK 1,138,377,670 and the total number of shares amounts to 30,819,375 shares of Series A and 424,531,693 shares of Series B. The number of votes in the Company amounts to 73,272,544.3.

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 31 May 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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20210531 Announcement of change in the total number of votes in AB SKF

 

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SOURCE SKF

FAQ

What was the total share capital for AB SKF as of May 31, 2021?

As of May 31, 2021, AB SKF's total share capital was SEK 1,138,377,670.

How many Series A and Series B shares does AB SKF have?

AB SKF has 30,819,375 shares of Series A and 424,531,693 shares of Series B.

What is the total number of votes in AB SKF after the share conversion?

The total number of votes in AB SKF amounts to 73,272,544.3.

What does the conversion of Series A to Series B shares indicate?

The conversion may indicate a potential dilution of voting power for existing Series A shareholders.

When was the announcement about the share conversion made?

The announcement regarding the share conversion was made on May 31, 2021, at 8:00 CET.