Husqvarna AB: Conversion of Shares

Source:www.stonediamondtool.com Date:2012/2/1 Read:1249

Husqvarna AB: Conversion of Shares
STOCKHOLM, Jan 31, 2012 (BUSINESS WIRE) -- Regulatory News:

According to Husqvarna AB's (sto:HUSQB) 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 January 2012, at the request of shareholders, 500,259 Class A shares were converted to Class B shares. The total number of votes thereafter amounts to 173,698,449.8.

The total number of registered shares in the company amounts to 576,343,778 shares of which 128,960,080 are Class A shares and 447,383,698 are Class B shares.

Husqvarna Group

The Husqvarna Group is the world's largest producer of outdoor power products including chainsaws, trimmers, lawn mowers and garden tractors. The Group is also the European leader in consumer watering products and one of the world leaders in cutting equipment and diamond tools for the construction and stone industries. The product offering includes products for both consumers and professional users. The Group's products are sold via dealers and retailers in more than 100 countries. Net sales in 2010 amounted to SEK 32 billion, and the average number of employees was approximately 15,000.

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SOURCE: Husqvarna AB