Utility menu
Secondary navigation


Change of the distribution of shares in Swedbank due to conversion of preference shares to ordinary shares

02-03-2012 08:00

The allocation of shares in Swedbank AB (”Swedbank”) has changed due to owners of preference shares having requested during the month of February, 2012 conversion of an aggregate of 1,595,660 preference shares into ordinary shares pursuant to the conversion clause set forth in Swedbank’s articles of association.

Download article resources:

After the conversion, the number of ordinary shares in Swedbank amounts to 966,785,777, the number of preference shares amounts to 192,804,400 and the number of C-shares amounts to 1,500,000. The total number of shares is unchanged and amounts to 1,161,090,177. The conversion has been filed for registration with the Swedish Companies Registration Office and is expected to be finalized by registration with Euroclear Sweden AB around March 6, 2012.

Owners of preference shares are during August 2012 and, for the last time, during February 2013 entitled to request that such shareholder’s entire holding of preference shares are converted into ordinary shares. All preference shares will be subject to mandatory conversion into ordinary shares during 2013.

As of March 1, 2012 Swedbank held repurchased shares amounting to in total 57,168,814 ordinary shares, 3,415,641 preference shares and 1,500,000 C-shares. As stated in the proposed agenda for the Annual General Meeting 2013 the Board of Directors proposes that 24,168,814 repurchased ordinary shares and all repurchased preference shares and
C-shares are cancelled.

Further information, please contact:
Magdalena Frostling, Investor Relations Manager, Swedbank, phone: +46 70 205 25 90
Anna Sundblad, Press Manager, Swedbank, phone: +46 70 321 39 95

Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to a development “Beyond Financial Growth”. As a leading bank in the home markets Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has 9.7 million retail customers and around 634,000 corporate customers and organizations with 317 branches in Sweden and over 200 branches in the Baltic countries. The group is also present in other Nordic countries, the U.S., China, Russia and Ukraine. As of 31 December, 2011 the group had total assets of SEK 1,857 billion. Read more at www.swedbank.com