New number of votes in AB Volvo

Rhea-AI Summary

AB Volvo announces a change in the number of votes due to the conversion of Series A shares to Series B shares, resulting in a total of 2,033,452,084 registered shares with 603,831,402.4 votes. The company emphasizes its commitment to sustainable transport solutions and reports net sales of SEK 553 billion in 2023.

GOTHENBURG, Sweden, March 28, 2024 /PRNewswire/ -- The number of votes in AB Volvo has changed due to the conversion of a total of 1,490 Series A shares to a total of 1,490 Series B shares. The conversions were implemented with the support of the opportunity for Series A shareholders to request conversion of Series A shares to Series B shares which was entered in the Articles of Association at the 2011 Annual General Meeting.

Today, 28 March 2024, the last trading day of the month, there are a total of 2,033,452,084 registered shares in AB Volvo. Of these are 444,984,660 Series A shares and 1,588,467,424 Series B shares. The number of votes in the company amounts to 603,831,402.4 based on the number of registered shares.

28 March, 2024

Journalists wanting further information, please contact:
Claes Eliasson, Head of Media Relations, +46 76 553 7229
press@volvo.com

This information is information that AB Volvo (publ) is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication at 1.00 p.m. CET on 28 March 2024.

For more information, please visit volvogroup.com
For frequent updates, follow us on X: @volvogroup

The Volvo Group drives prosperity through transport and infrastructure solutions, offering trucks, buses, construction equipment, power solutions for marine and industrial applications, financing and services that increase our customers' uptime and productivity. Founded in 1927, the Volvo Group is committed to shaping the future landscape of sustainable transport and infrastructure solutions. The Volvo Group is headquartered in Gothenburg, Sweden, employs more than 100,000 people and serves customers in almost 190 markets. In 2023, net sales amounted to SEK 553 billion (EUR 48 billion). Volvo shares are listed on Nasdaq Stockholm.

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https://news.cision.com/ab-volvo/r/new-number-of-votes-in-ab-volvo,c3954101

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https://mb.cision.com/Main/39/3954101/2702967.pdf	New number of votes in AB Volvo
https://news.cision.com/ab-volvo/i/volvogroup-1860x1050,c3284242	VolvoGroup 1860x1050

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SOURCE AB Volvo

FAQ

How many registered shares are there in AB Volvo after the conversion?

There are a total of 2,033,452,084 registered shares in AB Volvo after the conversion.

What is the number of votes in AB Volvo based on the registered shares?

The number of votes in AB Volvo amounts to 603,831,402.4 based on the number of registered shares.

When was AB Volvo founded?

AB Volvo was founded in 1927.

Where is the Volvo Group headquartered?

The Volvo Group is headquartered in Gothenburg, Sweden.

What were the net sales of AB Volvo in 2023?

In 2023, net sales of AB Volvo amounted to SEK 553 billion.