{"success":true,"data":{"pressRelease":{"id":"157701","rtpr_id":"nWkr73Xjbv-20261001","ticker":"SKFB","exchange":"Nasdaq Stockholm","all_tickers":["SKFB"],"title":"Extraordinary General Meeting of AB SKF resolved on distribution of the shares in SKF Vertevo AB","author":"Cision","published_at":"2026-10-01T10:00:14.590Z","article_body":"SKF\nGothenburg, 1 October 2026: Aktiebolaget SKF held an Extraordinary General\nMeeting on Thursday, 1 October 2026 ahead of the planned listing on Nasdaq\nStockholm on 1 December 2026.\n\nIn accordance with the Board of Directors’ proposal, the Extraordinary\nGeneral Meeting resolved to distribute all shares in the wholly owned\nsubsidiary SKF Vertevo AB to SKF’s shareholders, whereby five (5) SKF class\nA shares entitle the holder to one (1) SKF Vertevo class A share and five (5)\nSKF class B shares entitle the holder to one (1) SKF Vertevo class B share.\n\n“We are very pleased with the support from the shareholders, which marks an\nimportant milestone on the path towards establishing SKF Vertevo as an\nindependent and strong listed company. We are now entering the next phase of\nour work to further develop the company’s strong position and create\nlong-term value as one of the leading players in the automotive bearing\nindustry”, says Håkan Buskhe, Chair of the Board of SKF Vertevo.\n\nThe General Meeting also authorized SKF’s Board of Directors to determine\nthe record date for the distribution of the shares in SKF Vertevo. The record\ndate is expected to be 27 November 2026, and the first day of trading in the\nSKF Vertevo shares is expected to be 1 December 2026.\n\nA prospectus for the admission to trading of the SKF Vertevo shares on Nasdaq\nStockholm is planned to be published in November 2026.\n\nA Capital Markets Day for SKF Vertevo is scheduled to be held in Stockholm on\n17 November 2026. Registration details and the invitation to the Capital\nMarkets Day will be published separately.\n\nKey dates:\nNovember – Publication of the prospectus for the admission to trading of the\nSKF Vertevo shares on Nasdaq Stockholm\n17 November – Capital Markets Day dedicated to SKF Vertevo\n25 November – Expected last day of trading in SKF shares with the right to\nreceive shares in SKF Vertevo\n26 November – Expected first day of trading in SKF shares without the right\nto receive shares in SKF Vertevo\n27 November – Expected record date for the distribution of shares in SKF\nVertevo\n1 December – Expected first day of trading in SKF Vertevo shares on Nasdaq\nStockholm\n\nComplete documentation relating to the resolutions of the Extraordinary\nGeneral Meeting is available at\nhttps://www.skf.com/group/investors/corporate-governance/general-meetings\n\nAs a result of the distribution of the shares in SKF Vertevo AB, the\nAutomotive segment will be reported as discontinued operations and assets and\nliabilities held for distribution in the third-quarter report.\n\nPrevious press releases on similar topics:\n7 September 2026: SKF’s Board takes next step in the listing of SKF Vertevo\nand convenes Extraordinary General Meeting [link to press release\n(https://www.skf.com/group/news-and-events/news/2026/2026-Sept-07-skfs-board-takes-next-step-in-the-listing-of-skf-vertevo-and-convenes-extraordinary-general-meeting)]\n17 September 2024: SKF initiates a separation of its Automotive business [link\nto press release\n(https://www.skf.com/group/news-and-events/news/2024/2024-Sep-17-skf-initiates-a-separation-of-its-automotive-business)]\n\nAktiebolaget SKF\n      (publ)\n\nFor further information, please contact:\nPress Relations: Carl Bjernstam, +46 31-337 2517; +46 722 201 893;\ncarl.bjernstam@skf.com\nInvestor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908 072;\nsophie.arnius@skf.com\n\nSince 1907, SKF has been making some of the world’s most innovative\nbearings, seals, lubrication systems, condition monitoring solutions, and\nservices to reduce friction. Less friction means more energy saved and by\nreducing it, we make industry smarter, more competitive, and more energy\nefficient, building a more sustainable future where we can all do more with\nless. SKF is represented in approximately 130 countries and has around 17,000\ndistributor locations worldwide. Annual sales in 2025 were SEK 91,583 million\nand the number of employees was 37,271. www.skf.com\n\n® SKF is a registered trademark of the SKF Group.\n\nhttps://news.cision.com/skf/r/extraordinary-general-meeting-of-ab-skf-resolved-on-distribution-of-the-shares-in-skf-vertevo-ab%2Cc4403023\n\n20261001 Extraordinary General Meeting of AB SKF resolved on distribution of\nthe shares in SKF Vertevo AB\n(https://mb.cision.com/Main/637/4403023/4298033.pdf)\n\nSKF Pay 1919 Magnetic Bearing\n(https://news.cision.com/skf/i/skf-pay-1919-magnetic-bearing%2Cc3569233)\n\nHåkan Buskhe (https://news.cision.com/skf/i/hakan-buskhe%2Cc3569232)\n\n\n\n(c) Cision 2026","article_body_html":"","raw_payload":{"data":{"id":"nWkr73Xjbv-20261001","title":"Extraordinary General Meeting of AB SKF resolved on distribution of the shares in SKF Vertevo AB","author":"Cision","ticker":"SKFB","created":"2026-10-01T10:00:14.590Z","tickers":["SKFB"],"exchange":"Nasdaq Stockholm","article_body":"SKF\nGothenburg, 1 October 2026: Aktiebolaget SKF held an Extraordinary General\nMeeting on Thursday, 1 October 2026 ahead of the planned listing on Nasdaq\nStockholm on 1 December 2026.\n\nIn accordance with the Board of Directors’ proposal, the Extraordinary\nGeneral Meeting resolved to distribute all shares in the wholly owned\nsubsidiary SKF Vertevo AB to SKF’s shareholders, whereby five (5) SKF class\nA shares entitle the holder to one (1) SKF Vertevo class A share and five (5)\nSKF class B shares entitle the holder to one (1) SKF Vertevo class B share.\n\n“We are very pleased with the support from the shareholders, which marks an\nimportant milestone on the path towards establishing SKF Vertevo as an\nindependent and strong listed company. We are now entering the next phase of\nour work to further develop the company’s strong position and create\nlong-term value as one of the leading players in the automotive bearing\nindustry”, says Håkan Buskhe, Chair of the Board of SKF Vertevo.\n\nThe General Meeting also authorized SKF’s Board of Directors to determine\nthe record date for the distribution of the shares in SKF Vertevo. The record\ndate is expected to be 27 November 2026, and the first day of trading in the\nSKF Vertevo shares is expected to be 1 December 2026.\n\nA prospectus for the admission to trading of the SKF Vertevo shares on Nasdaq\nStockholm is planned to be published in November 2026.\n\nA Capital Markets Day for SKF Vertevo is scheduled to be held in Stockholm on\n17 November 2026. Registration details and the invitation to the Capital\nMarkets Day will be published separately.\n\nKey dates:\nNovember – Publication of the prospectus for the admission to trading of the\nSKF Vertevo shares on Nasdaq Stockholm\n17 November – Capital Markets Day dedicated to SKF Vertevo\n25 November – Expected last day of trading in SKF shares with the right to\nreceive shares in SKF Vertevo\n26 November – Expected first day of trading in SKF shares without the right\nto receive shares in SKF Vertevo\n27 November – Expected record date for the distribution of shares in SKF\nVertevo\n1 December – Expected first day of trading in SKF Vertevo shares on Nasdaq\nStockholm\n\nComplete documentation relating to the resolutions of the Extraordinary\nGeneral Meeting is available at\nhttps://www.skf.com/group/investors/corporate-governance/general-meetings\n\nAs a result of the distribution of the shares in SKF Vertevo AB, the\nAutomotive segment will be reported as discontinued operations and assets and\nliabilities held for distribution in the third-quarter report.\n\nPrevious press releases on similar topics:\n7 September 2026: SKF’s Board takes next step in the listing of SKF Vertevo\nand convenes Extraordinary General Meeting [link to press release\n(https://www.skf.com/group/news-and-events/news/2026/2026-Sept-07-skfs-board-takes-next-step-in-the-listing-of-skf-vertevo-and-convenes-extraordinary-general-meeting)]\n17 September 2024: SKF initiates a separation of its Automotive business [link\nto press release\n(https://www.skf.com/group/news-and-events/news/2024/2024-Sep-17-skf-initiates-a-separation-of-its-automotive-business)]\n\nAktiebolaget SKF\n      (publ)\n\nFor further information, please contact:\nPress Relations: Carl Bjernstam, +46 31-337 2517; +46 722 201 893;\ncarl.bjernstam@skf.com\nInvestor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908 072;\nsophie.arnius@skf.com\n\nSince 1907, SKF has been making some of the world’s most innovative\nbearings, seals, lubrication systems, condition monitoring solutions, and\nservices to reduce friction. Less friction means more energy saved and by\nreducing it, we make industry smarter, more competitive, and more energy\nefficient, building a more sustainable future where we can all do more with\nless. SKF is represented in approximately 130 countries and has around 17,000\ndistributor locations worldwide. Annual sales in 2025 were SEK 91,583 million\nand the number of employees was 37,271. www.skf.com\n\n® SKF is a registered trademark of the SKF Group.\n\nhttps://news.cision.com/skf/r/extraordinary-general-meeting-of-ab-skf-resolved-on-distribution-of-the-shares-in-skf-vertevo-ab%2Cc4403023\n\n20261001 Extraordinary General Meeting of AB SKF resolved on distribution of\nthe shares in SKF Vertevo AB\n(https://mb.cision.com/Main/637/4403023/4298033.pdf)\n\nSKF Pay 1919 Magnetic Bearing\n(https://news.cision.com/skf/i/skf-pay-1919-magnetic-bearing%2Cc3569233)\n\nHåkan Buskhe (https://news.cision.com/skf/i/hakan-buskhe%2Cc3569232)\n\n\n\n(c) Cision 2026"},"type":"article","timestamp":"2026-10-01T10:00:14.679698864Z","server_sent_at_ms":1790848814679},"received_at":"2026-10-01T10:00:14.730Z","source_url":"https://news.cision.com/skf/r/extraordinary-general-meeting-of-ab-skf-resolved-on-distribution-of-the-shares-in-skf-vertevo-ab%2Cc4403023"},"analysis":{"id":"146356","press_release_id":"157701","analysis_json":{"industry":{"label":"Machinery","sector":"Industrials"},"redFlags":["SKF shares trade ex-distribution from 26 November 2026; Automotive earnings move to discontinued operations"],"eventType":"other","narrative":"SKF's Extraordinary General Meeting approved the distribution of all shares in wholly owned subsidiary SKF Vertevo AB to SKF shareholders ahead of Vertevo's planned Nasdaq Stockholm listing on 1 December 2026.\n\nThe distribution ratio is one Vertevo share for every five SKF shares, per class, with the record date expected on 27 November 2026 and a prospectus due in November.\n\nFollowing the distribution, SKF's Automotive segment will be reported as discontinued operations in the third-quarter report, completing the separation first announced in September 2024.","sentiment":"neutral","agentHooks":{"shouldPost":true,"suggestedAngle":"Shareholders green-light SKF Vertevo spin-off — key dates for SKF holders to capture the 5:1 distribution before the 27 November record date."},"keyFigures":{"customDimensions":{"employees":37271,"record_date":"27 November 2026 (expected)","spinoff_ratio":"5 SKF A shares : 1 Vertevo A share; 5 SKF B shares : 1 Vertevo B share","annual_sales_2025":"SEK 91,583 million","vertevo_listing_date":"1 December 2026 (expected)"}},"quotedText":"We are very pleased with the support from the shareholders, which marks an important milestone on the path towards establishing SKF Vertevo as an independent and strong listed company.","namedEntities":{"people":[{"name":"Håkan Buskhe","role":"Chair of the Board of SKF Vertevo"},{"name":"Carl Bjernstam","role":"Press Relations"},{"name":"Sophie Arnius","role":"Investor Relations"}],"products":[],"companies":[{"name":"Aktiebolaget SKF","ticker":"SKFB","relationship":"filer/parent"},{"name":"SKF Vertevo AB","relationship":"spun-off subsidiary"},{"name":"Nasdaq Stockholm","relationship":"listing venue"}],"dollarAmounts":[{"amount":"SEK 91,583 million","context":"SKF annual sales in 2025"}]},"materialImpact":{"score":3,"reasoning":"Shareholder-approved spin-off and Nasdaq Stockholm listing of the Automotive business (SKF Vertevo), a major structural change that will split the group and move Automotive to discontinued operations, though it was widely expected and is proceeding on plan."},"tickerRelevance":{"others":[],"primary":"SKFB"},"globalImportance":45,"audienceRelevance":35,"eventTypeSecondary":["restructuring"],"importanceComponents":{"tickerTier":"large-cap European industrial","eventGravity":"approved spin-off and listing of major segment","expectedness":"previously announced, proceeding on schedule"}},"event_type":"other","event_type_secondary":["restructuring"],"sentiment":"neutral","material_impact_score":3,"narrative":"SKF's Extraordinary General Meeting approved the distribution of all shares in wholly owned subsidiary SKF Vertevo AB to SKF shareholders ahead of Vertevo's planned Nasdaq Stockholm listing on 1 December 2026.\n\nThe distribution ratio is one Vertevo share for every five SKF shares, per class, with the record date expected on 27 November 2026 and a prospectus due in November.\n\nFollowing the distribution, SKF's Automotive segment will be reported as discontinued operations in the third-quarter report, completing the separation first announced in September 2024.","key_figures":{"customDimensions":{"employees":37271,"record_date":"27 November 2026 (expected)","spinoff_ratio":"5 SKF A shares : 1 Vertevo A share; 5 SKF B shares : 1 Vertevo B share","annual_sales_2025":"SEK 91,583 million","vertevo_listing_date":"1 December 2026 (expected)"}},"named_entities":{"people":[{"name":"Håkan Buskhe","role":"Chair of the Board of SKF Vertevo"},{"name":"Carl Bjernstam","role":"Press Relations"},{"name":"Sophie Arnius","role":"Investor Relations"}],"products":[],"companies":[{"name":"Aktiebolaget SKF","ticker":"SKFB","relationship":"filer/parent"},{"name":"SKF Vertevo AB","relationship":"spun-off subsidiary"},{"name":"Nasdaq Stockholm","relationship":"listing venue"}],"dollarAmounts":[{"amount":"SEK 91,583 million","context":"SKF annual sales in 2025"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-01T10:00:21.188Z","global_importance":45,"audience_relevance":35,"importance_components":{"tickerTier":"large-cap European industrial","eventGravity":"approved spin-off and listing of major segment","expectedness":"previously announced, proceeding on schedule"}},"durationMs":6434,"modelName":"glm-5.3-flashx"}}