SCA: Conversion of shares
Nov 30, 2012. ccording to SCA'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 the company. When such a conversion has occurred, the company is obligated by law to disclose any such changes in this manner
Nov 30, 2012. /Lesprom Network/. According to SCA'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 the company. When such a conversion has occurred, the company is obligated by law to disclose any such changes in this manner, as the company said in the press release received by Lesprom Network.
In November, at the request of shareholders 897,937 Class A shares were converted to Class B shares. The total number of votes in the company thereafter amounts to 1,550,494,242. The total number of registered shares in the company amounts to 705,110,094 of which 93,931,572 are Class A shares and 611,178,522 are Class B shares.
SCA is a global hygiene and forest company that develops and produces personal care products, tissue and forest products. Sales are conducted in some 100 countries. SCA has many well-known brands, including the global brands TENA and Tork. Sales in 2011 amounted to SEK 106 billion (Euro 11.7 billion). SCA has approximately 37,000 employees.