Conversion of shares in SCA

December 30, 2010 by timbercommunity

According to SCA's articles of association, owners of Class A shares have the right to have such shares converted to Class B shares. Conversion reduces the total number of votes in the company. When such a conversion has occurred, the company is obligated by law to disclose any such changes in this manner.
 

A distinction is made in Sweden between A and B shares were A shares entitle the holder to several votes during voting at the Annual General Meeting. The system of different kinds of votes  have been criticized by EU, but was keept through strong lobbying by the socialdemocrat Leif Pagrotsky and former Prime Minister Goran Persson.

In December, at the request of shareholders, 84,445 Class A shares in SCA were converted to Class B shares. The total number of votes in the company thereafter amounts to 1,617,784,596.

The total number of registered shares in the company amounts to 705,110,094, of which 101,408,278 are Class A shares and 603,701,816 are Class B shares.

For further information, please contact: Jörgen Olsson, Press & Media Officer, +46 8 788 51 29 NB The information provided herein is such that SCA is obligated to disclose pursuant to the Financial Instruments Trading Act (SFS 1991:980).