Monday, January 31, 2011

Change in the total number of votes in IFS

During January 2011, shares of series A have been converted into shares of series B at the request of shareholders. The total number of votes in the company has changed following implemented conversions.

The articles of association of IFS AB entitle owners of shares of series A to request the conversion of shares of series A into shares of series B. Each share of series A entitles the holder to 1.0 vote per share and each share of series B entitles the holder to 0.1 votes per share. The conversion of shares of series A into shares of series B results in a change in the total number of votes in the company.

On December 31, 2010, the total number of shares in the company amounted to 26,442,922, of which 1,387,270 were shares of series A and 25,055,652 were shares of series B. The total number of votes in the company amounted to 3,892,835.2.

During January 2011, 4,488 shares of series A were converted at the request of shareholders into shares of series B. This has resulted in a decrease in the total number of votes by 4,039.2.

On January 31, 2011, the total number of shares in the company amounted to 26,442,922, of which 1,382,782 were shares of series A and 25,060,140 were shares of series B. The total number of votes in the company amounted to 3,888,796.0.

About IFS

IFS is a public company (XSTO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite built on SOA technology. IFS focuses on agile businesses where any of four core processes are strategic: service & asset management, manufacturing, supply chain and projects. The company has 2,000 customers and is present in more than 50 countries with 2,700 employees in total. Net revenue in 2009 was SKr 2.6 billion.

IFS discloses the information provided herein pursuant to the Financial Instruments Trading Act (1991:980) and/or the Securities Markets Act (2007:528). The information was submitted for publication on January 31, 2011 at 6:00 p.m. (CET).

Contact Information

Head of IR Frédéric Guigues

Phone: +46 8 58 78 45 00

Contact Frédéric Guigues