Volvo AB Updates on Renault s.a.s.'s Divestiture of All of Volvo AB Shares and Announces Conversion of Series A Shares to Series B Shares


Thursday, 13 Dec 2012 11:01am EST 

Volvo AB announced that on December 13, 2012, Volvo AB received a request for the conversion of 110,048,945 Series A shares to Series B shares. Furthermore, Volvo AB's main shareholder, Renault s.a.s., announced that the company has divested all of its shares in AB Volvo through the sales of 138,604,945 Series A shares on the stock market. Following the execution of the request and taking other requests for conversions and executed conversions since December 1, 2012, into account, there will be a total of 2,128,420,220 registered shares in Volvo AB. Of these 546,544,375 are Series A shares and 1,581,875,845 Series B shares. The number of votes in the Company will once the conversion is concluded amount to 704,731,960 based on the number of registered shares. Excluding treasury shares owned by Volvo AB, the number of votes will amount to 676,002,504. 

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11:30am EDT