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

Rhea-AI Summary

AB SKF announces a conversion of shares from Series A to Series B effective February 28, 2022. The new share capital totals SEK 1,138,377,670 with 29,403,933 Series A shares and 425,947,135 Series B shares issued. This adjustment results in 71,998,646.5 total votes within the company. Notably, AB SKF does not possess any own shares. This disclosure fulfills the obligations under the Financial Instruments Trading Act and was published at 8:00 CET on the stated date.

Positive

• Share capital increased to SEK 1,138,377,670.
• Total number of shares adjusted to 29,403,933 Series A and 425,947,135 Series B.

Negative

• None.

News Market Reaction – SKFRY

-5.25%

-5.25% Session move

In the trading session that priced this news, SKFRY declined 5.25%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

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GÖTEBORG, Sweden., Feb. 28, 2022 /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 28 February, the Company's share capital amounts to SEK 1,138,377,670 and the total number of shares amounts to 29,403,933 shares of Series A and 425,947,135 shares of Series B. The number of votes in the Company amounts to 71,998,646.5.

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 28 February 2022.

For further information, please contact:
PRESS: Carl Bjernstam, Group Communication
tel: 46 31-337 2517; mobile: 46 722-201 893; e-mail: carl.bjernstam@skf.com

INVESTOR RELATIONS: Patrik Stenberg, Head of Investor Relations
tel: 46 31-337 2104; mobile: 46 705-472 104; patrik.stenberg@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,c3515158

The following files are available for download:

https://mb.cision.com/Main/637/3515158/1541534.pdf	20220228 Announcement of change in the total number of votes in AB SKF
https://news.cision.com/skf/i/gotahom-4jpg-png-highpreview-1278,c3017426	Götahom 4jpg png highpreview 1278

 

View original content:https://www.prnewswire.com/news-releases/announcement-of-change-in-the-total-number-of-votes-in-ab-skf-301491291.html

SOURCE SKF

FAQ

What is the current share capital of AB SKF?

As of February 28, 2022, AB SKF's share capital is SEK 1,138,377,670.

How many shares of AB SKF are currently outstanding?

AB SKF has a total of 29,403,933 Series A shares and 425,947,135 Series B shares.

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

The total number of votes in AB SKF amounts to 71,998,646.5.

When was the share conversion announced for AB SKF?

The conversion of shares was announced on February 28, 2022.

Does AB SKF hold any of its own shares?

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