Thursday, May 31, 2012
Change in the total number of shares and votes in IFS
During May 2012, 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, 2012, the total number of shares in the company amounted to 25,980,922, of which 1,375,008 were A shares and 24,605,914 were B shares. The total number of votes in the company amounted to 3,835,599.4.
During May 2012, 1,700 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 1,530.0.
On May 31, 2012, the total number of shares in the company amounted to 25,980,922, of which 1,373,308 were A shares and 24,607,614 were B shares. The total number of votes in the company amounted to 3,834,069.4.
On May 31, 2012, IFS held 931,801 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 29, 2012, a process is pending pertaining to the reduction of the share capital by 12,000,000 Swedish kronor, equivalent to 600,000 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 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 2,800 employees in total. Net revenue in 2011 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 May 31, 2012 at 6:00 p.m. (CEST).