SCA converts its shares
Oct 31, 2012. 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.
Oct 31, 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 October, at the request of shareholders 818,158 Class A shares were converted to Class B shares. The total number of votes in the company thereafter amounts to 1,558,575,675.The total number of registered shares in the company amounts to 705,110,094 of which 94,829,509 are Class A shares and 610,280,585 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.