STOCKHOLM, Feb. 28, 2020 /PRNewswire/ -- According to
Husqvarna AB'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 Husqvarna AB. When
such a conversion has occurred, the company is obligated by the Act
on Trading in Financial Instruments to disclose any such
change.
In February 2020, at the request
of shareholders, 98,059 Class A shares were converted to Class B
shares. The total number of votes thereafter amounts to
158,360,163.8.
The total number of registered shares in the company amounts to
576,343,778 shares of which 111,917,540 are Class A shares and
464,426,238 are Class B shares.
This information is such that Husqvarna AB must disclose in
accordance with the Financial Instruments Trading Act. The
information was submitted for publication on February 28, 2020, at 09:00 CET.
For additional information, please contact
+46-8-738-90-80 or
press@husqvarnagroup.com
Husqvarna Group
Husqvarna Group is a global leading producer of outdoor power
products and innovative solutions for forest, park and garden care.
Products include chainsaws, trimmers, robotic lawn mowers and
ride-on lawn mowers. The Group is also the European leader in
garden watering products and a global leader in cutting equipment
and diamond tools for the construction and stone industries. The
Group's products and solutions are sold under brands including
Husqvarna, Gardena, McCulloch, Poulan Pro, Weed Eater, Flymo,
Zenoah and Diamant Boart via dealers and retailers to consumers and
professionals in more than 100 countries. Net sales in 2019
amounted to SEK 42bn and the Group
has around 13,000 employees in 40 countries.
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SOURCE Husqvarna AB
