New number of votes in AB Volvo

Rhea-AI Summary

AB Volvo has announced changes in its voting structure following the conversion of 12,864 Series A shares to Series B shares. As of April 30, 2025, the company's total registered shares stand at 2,033,452,084, comprising 444,953,956 Series A shares and 1,588,498,128 Series B shares.

The conversion was executed under provisions established at the 2011 Annual General Meeting, which allows Series A shareholders to convert their shares to Series B shares. The total number of votes in the company now amounts to 603,803,768.80 based on registered shares.

Volvo Group, headquartered in Gothenburg, Sweden, is a global leader in transport and infrastructure solutions. The company employs over 100,000 people, serves customers in nearly 190 markets, and reported net sales of SEK 527 billion (EUR 46 billion) in 2024.

Positive

• Maintains strong market presence with operations in 190 markets
• Significant revenue of SEK 527 billion (EUR 46 billion) in 2024
• Large workforce of over 100,000 employees indicating stable operations

Negative

• Slight reduction in voting power due to conversion of 12,864 Series A shares to Series B shares

News Market Reaction

-1.81%

1 alert

-1.81% News Effect

On the day this news was published, VLVLY declined 1.81%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

GOTHENBURG, Sweden, April 30, 2025 /PRNewswire/ -- The number of votes in AB Volvo has changed due to the conversion of a total of 12,864 Series A shares to a total of 12,864 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, 30 April 2025, the last trading day of the month, there are a total of 2,033,452,084 registered shares in AB Volvo. Of these are 444,953,956 Series A shares and 1,588,498,128 Series B shares. The number of votes in the company amounts to 603,803,768.80 based on the number of registered shares.

April 30, 2025

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 10.00 a.m. CEST on 30 April, 2025.

For more information, please visit volvogroup.com 
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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 2024, net sales amounted to SEK 527 billion (EUR 46 billion). Volvo shares are listed on Nasdaq Stockholm.

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

https://news.cision.com/ab-volvo/r/new-number-of-votes-in-ab-volvo,c4143291

The following files are available for download:

https://mb.cision.com/Main/39/4143291/3420975.pdf	Press Release - New number of votes in AB Volvo
https://news.cision.com/ab-volvo/i/1860x1050volvogroup,c3404257	1860x1050VolvoGroup

 

FAQ

How many Volvo Series A shares were converted to Series B shares in April 2025?

12,864 Series A shares were converted to Series B shares in April 2025, as part of Volvo's conversion program established in 2011.

What is the total number of registered shares for Volvo (VLVLY) as of April 30, 2025?

As of April 30, 2025, Volvo has 2,033,452,084 total registered shares, consisting of 444,953,956 Series A shares and 1,588,498,128 Series B shares.

How many voting rights does Volvo stock (VLVLY) have after the April 2025 conversion?

After the April 2025 conversion, the total number of votes in Volvo amounts to 603,803,768.80 based on the number of registered shares.

When did Volvo introduce the share conversion option for Series A shareholders?

The option for Series A shareholders to request conversion to Series B shares was introduced in Volvo's Articles of Association at the 2011 Annual General Meeting.

What is the current distribution of Volvo (VLVLY) shares between Series A and B?

As of April 30, 2025, Volvo's share distribution is 444,953,956 Series A shares (21.9%) and 1,588,498,128 Series B shares (78.1%) of total registered shares.