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

Rhea-AI Summary

AB SKF (SKFRY) has announced changes in its share structure and voting rights as of March 31, 2025. Following a conversion of Series A shares to Series B shares, the company's total share count stands at 455,351,068, comprising 28,930,844 Series A shares and 426,420,224 Series B shares. The total number of votes in the company now amounts to 71,572,866.4.

The company confirmed it holds no treasury shares. This disclosure was made in compliance with the Financial Instruments Trading Act requirements.

News Market Reaction – SKFRY

-2.70%

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-2.70% News Effect

On the day this news was published, SKFRY declined 2.70%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

GOTHENBURG, Sweden, March 31, 2025 /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 March 2025 there are a total of 455,351,068 shares in AB SKF, out of which 28,930,844 shares are of Series A and 426,420,224 shares are of Series B. The number of votes in the Company amounts to 71,572,866.4.

AB SKF does not hold any own shares.

Aktiebolaget SKF
      (publ)

Information in this press release contains information that AB SKF is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication on 31 March 2025 at 08:00 CEST.

For further information, please contact:
Press Relations: Carl Bjernstam, +46 31-337 2517; +46 722 201 893; carl.bjernstam@skf.com 
Investor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908 072; sophie.arnius@skf.com 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/skf/r/announcement-of-change-in-the-total-number-of-votes-in-ab-skf,c4127503

The following files are available for download:

https://mb.cision.com/Main/637/4127503/3353604.pdf	20250331 Announcement of change in the total number of votes in AB SKF
https://news.cision.com/skf/i/skf-hybrid-ceramic-bearings-collage-jpeg-fullresolution,c3392827	SKF Hybrid ceramic bearings collage jpeg fullresolution

 

FAQ

What is the new share structure of SKFRY as of March 31, 2025?

As of March 31, 2025, SKFRY has 455,351,068 total shares, with 28,930,844 Series A shares and 426,420,224 Series B shares.

How many voting rights does SKFRY have after the share conversion?

After the share conversion, SKFRY's total number of votes amounts to 71,572,866.4.

Does SKFRY hold any treasury shares following the March 2025 conversion?

No, AB SKF has confirmed it does not hold any treasury shares.

What triggered the change in SKFRY's voting rights?

The change was triggered by a conversion of shares from Series A to Series B in accordance with AB SKF's Articles of Association.