Change in the total number of shares and votes in IFS
During May 2013, A shares have been converted into B shares at the request of shareholders. The total number of shares and votes in the company has thus changed.
The articles of association of IFS AB entitle owners of A shares to request the conversion of A shares into B shares. Each A share entitles the holder to 1.0 vote per share and each B share entitles the holder to 0.1 votes per share. The conversion of A shares into B shares results in a change in the total number of votes in the company.
On April 30, 2013, the total number of shares in the company amounted to 25,380,922, of which 1,294,313 were A shares and 24,086,609 were B shares. The total number of votes in the company amounted to 3,702,973.9.
During May 2013, 2,481 A shares were converted at the request of shareholders into B shares. This has resulted in a decrease in the total number of votes by 2,232.9.
On May 31, 2013, the total number of shares in the company amounted to 25,380,922, of which 1,291,832 were A shares and 24,089,090 were B shares. The total number of votes in the company amounted to 3,700,741.0.
On May 31, 2013, IFS held 609,092 B shares in own custody, which were repurchased during 2011 and 2012. Pursuant to a decision adopted at the annual general meeting held on March 26, 2013, a process is pending pertaining to the reduction of the share capital by 8,181,840 Swedish kronor, equivalent to 409,092 B shares.
IFS is a public company (XSTO: IFS) founded in 1983 that develops, supplies, and implements IFS Applications™, a component-based extended ERP suite. IFS focuses on industries where management of any of the following four core processes is strategic: service & asset, manufacturing, supply chain, and projects. The company has 2,000 customers and is present in approximately 60 countries with 2,800 employees in total. Net revenue in 2012 was SKr 2.7 billion.
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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 May 31, 2013 at 6:00 p.m. (CEST).