Understanding Recent Changes in AB Volvo's Share Structure
AB Volvo's Share Structure Update
AB Volvo has recently undergone an important change concerning its share capital. The company has executed a conversion of 10,000 Series A shares into 10,000 Series B shares. This adjustment for stockholders allows for greater flexibility and reflects the share conversion procedure established way back in 2011 during the Annual General Meeting.
Current Share Distribution
As of the end of the month, the total number of registered shares in AB Volvo stands at 2,033,452,084. This figure includes 444,974,560 Series A shares and a substantial 1,588,477,524 Series B shares. Consequently, the total voting power in AB Volvo has reached an impressive count of 603,822,312.4. This transformation of shares enhances shareholder engagement and reflects the dynamic nature of the company's equity structure.
Contact Information for Media Inquiries
For journalists seeking further information about these developments, Claes Eliasson, the Head of Media Relations at AB Volvo, is available for communications. He can provide insights and answer inquiries regarding this recent shift in share structure. Should further details be required, Claes can be reached directly at +46 76 553 7229.
About AB Volvo
Established in 1927, AB Volvo is a pivotal player in the transportation and infrastructure sector. The company is dedicated to driving progress through innovative solutions in transportation. Whether it is trucks, buses, or construction equipment, each offering is designed to meet the diverse needs of customers across the globe. With a workforce of over 100,000 employees, AB Volvo caters to client requirements in almost 180 markets worldwide.
Based in Gothenburg, Sweden, AB Volvo is steadfast in its commitment to creating sustainable transport solutions that contribute positively to society and the environment. Indeed, in a recent financial report, the company noted impressive net sales totaling SEK 527 billion (approximately EUR 46 billion) for the previous year. This performance underscores the resilience and operational efficiency of AB Volvo in the competitive automotive and transportation landscape.
Frequently Asked Questions
What recent changes occurred in AB Volvo's share structure?
The company has converted 10,000 Series A shares to Series B shares, impacting the overall voting structure.
Who can I contact for more information?
Claes Eliasson, Head of Media Relations, can be reached for further inquiries at +46 76 553 7229.
How many shares are currently registered in AB Volvo?
AB Volvo has a total of 2,033,452,084 registered shares as of now.
What is the voting power of AB Volvo?
The total voting power in AB Volvo now stands at 603,822,312.4 based on the registered shares.
What is AB Volvo's commitment toward sustainability?
AB Volvo is dedicated to providing sustainable transport and infrastructure solutions, emphasizing environmental responsibility in its operations.
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