Change of the distribution of shares in Swedbank due to conversion of preference shares to ordinary shares
Tuesday, 04 September 2012
The allocation of shares in Swedbank AB (”Swedbank”) has changed due to
owners of preference shares having requested during the month of
August, 2012 conversion of an aggregate of 8,266,802 preference shares
into ordinary shares pursuant to the conversion clause set forth in
Swedbank’s articles of association.
After the conversion, the number of ordinary shares in Swedbank amounts
to 950,883,765 and the number of preference shares amounts to
181,121,957. The total number of shares is unchanged and amounts to
1,132,005,722. 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 September 6, 2012.
Owners of preference shares are, 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 remaining
preference shares will be subject to mandatory conversion into ordinary
shares during 2013.
As of September 3, 2012 Swedbank held repurchased shares amounting to
33,000,000 ordinary shares in order to hedge the banks commitments
relating to performance and share based remuneration programs for 2010,
2011 and 2012. In addition, there may be holdings of own shares within
the securities operations.
Based on press release