Change of the distribution of shares in Swedbank due to conversion of preference shares to ordinary shares
The allocation of shares in Swedbank AB (”Swedbank”) has changed due to owners of preference shares having requested during the month of February, 2013 conversion of an aggregate of 6,944,758 preference shares into ordinary shares pursuant to the conversion clause set forth in Swedbank’s articles of association.
After the conversion, the number of ordinary shares in Swedbank amounts to 958,094,574 and the number of preference shares amounts to 173,911,148. The total number of shares is unchanged and amounts to 1,132,005,722. The conversion has been filed for registration with the Swedish Companies Registration Office and is expected to be finalized by registration with Euroclear Sweden AB around March 6, 2013.
All remaining preference shares will be subject to mandatory conversion into ordinary shares following the annual general meeting 2013. Further information regarding the mandatory conversion will be published separately.
As of March 4, 2013 Swedbank held repurchased shares amounting to 33,000,000 ordinary shares in order to hedge the banks commitments relating to performance and share based remuneration programs. In addition, there may be holdings of own shares within the securities operations.
Further information, please contact:
Magdalena Frostling, Investor Relations Manager, Swedbank, phone: +46 70 205 25 90
Anna Sundblad, Press Manager, Swedbank, phone: +46 70 321 39 95
Swedbank promotes a sound and sustainable financial situation for the many people, households and companies. Our vision is to contribute to a development “Beyond Financial Growth”. As a leading bank in the home markets Sweden, Estonia, Latvia and Lithuania, Swedbank offers a wide range of financial services and products. Swedbank has 7.8 million retail customers and around 600,000 corporate customers and organizations with 310 branches in Sweden and approximately 200 branches in the Baltic countries. The group is also present in other Nordic countries, the U.S., China, Russia and Ukraine.
As of 31 December, 2012 the group had total assets of SEK 1,847 billion. Read more at www.swedbank.com