Two share series
Series A shares carry one vote per share and series C shares carry 100 votes per share. There is no limit on how many votes each shareholder can submit at a general meeting. The series A shares were listed on what was then the Stockholm Fondbörs (Stock Exchange) in 1938 and are now quoted on the large cap list of Nasdaq Stockholm. The series C shares were listed in 1998 and delisted in late January 2020 at the request of Nasdaq Stockholm.
The number of outstanding shares amounts to 197,034,862, of which 203,401,419 constitute A shares and 7,870,514 are C shares. In addition, Hufvudstaden holds 14,237,071 A shares. The buy-backs were completed in 2003, 2020 and 2025.
Trade
In total, 46 million shares were traded on Nasdaq Stockholm during 2024, equivalent to 23 per cent (22) of total shares outstanding.
Conversion provision
According to a decision taken at the Annual General Meeting in 2001, what is known as a conversion provision has been included in the Articles of Association. This means that the holders of series C shares are entitled, if they wish, to request conversion of their series C shares into series A shares.
