Essity reports conversion of 200 Class A shares in October
Hygiene and health company Essity has announced the conversion of 200 Class A shares into Class B shares, resulting in a slight reduction of total voting rights.
Essity has confirmed that 200 Class A shares were converted into Class B shares during October at the request of shareholders. Under the company’s articles of association, shareholders hold the right to initiate such conversions, which necessitates a public disclosure to maintain transparency regarding voting power.
Following this transaction, the total number of votes in the company has been adjusted to 1,167,610,740. Such changes are standard administrative procedures in companies with dual-class share structures.
The total number of registered shares remains unchanged at 681,945,171, with the number of Class A shares now standing at 53,962,841.