Husqvarna AB: Conversion of Shares
STOCKHOLM, Sweden -- January 31, 2013
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 2013, at the request of shareholders, 125,400 Class A shares were
converted to Class B shares. The total number of votes thereafter amounts to
The total number of registered shares in the company amounts to 576,343,778
shares of which 127,573,658 are Class A shares and 448,770,120 are Class B
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 2011 amounted to SEK 30 billion, and the
average number of employees was approximately 15,700.
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