{"success":true,"data":{"pressRelease":{"id":"157723","rtpr_id":"nPn5Xljj4a-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":"PR Newswire","published_at":"2026-10-01T10:22:54.310Z","article_body":"Extraordinary General Meeting of AB SKF resolved on distribution of the shares in SKF Vertevo AB\nPR Newswire\n\nGOTHENBURG, Sweden, Oct. 1, 2026\n\nGOTHENBURG, Sweden, Oct. 1, 2026 /PRNewswire/ -- Aktiebolaget SKF held an\nExtraordinary General Meeting on Thursday, 1 October 2026 ahead of the planned\nlisting on Nasdaq Stockholm on 1 December 2026.\n\nIn accordance with the Board of Directors' proposal, the Extraordinary General\nMeeting resolved to distribute all shares in the wholly owned subsidiary SKF\nVertevo AB to SKF's shareholders, whereby five (5) SKF class A shares entitle\nthe holder to one (1) SKF Vertevo class A share and five (5) SKF class B\nshares 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 long-term\nvalue as one of the leading players in the automotive bearing industry,\" says\nHåkan Buskhe, Chair of the Board of SKF Vertevo.\n\nThe General Meeting also authorized SKF's Board of Directors to determine the\nrecord date for the distribution of the shares in SKF Vertevo. The record date\nis expected to be 27 November 2026, and the first day of trading in the SKF\nVertevo 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(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4787616-1&h=3050037691&u=https%3A%2F%2Fwww.skf.com%2Fgroup%2Finvestors%2Fcorporate-governance%2Fgeneral-meetings&a=https%3A%2F%2Fwww.skf.com%2Fgroup%2Finvestors%2Fcorporate-governance%2Fgeneral-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://edge.prnewswire.com/c/link/?t=0&l=en&o=4787616-1&h=3230303686&u=https%3A%2F%2Fwww.skf.com%2Fgroup%2Fnews-and-events%2Fnews%2F2026%2F2026-Sept-07-skfs-board-takes-next-step-in-the-listing-of-skf-vertevo-and-convenes-extraordinary-general-meeting&a=link+to+press+release)\n]\n17 September 2024: SKF initiates a separation of its Automotive business [link\nto press release\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4787616-1&h=4190505059&u=https%3A%2F%2Fwww.skf.com%2Fgroup%2Fnews-and-events%2Fnews%2F2024%2F2024-Sep-17-skf-initiates-a-separation-of-its-automotive-business&a=link+to+press+release)\n]\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 (mailto:carl.bjernstam@skf.com)\nInvestor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908 072;\nsophie.arnius@skf.com (mailto:sophie.arnius@skf.com)\n\nThis information was brought to you by Cision http://news.cision.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4787616-1&h=613426797&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com)\n\nhttps://news.cision.com/skf/r/extraordinary-general-meeting-of-ab-skf-resolved-on-distribution-of-the-shares-in-skf-vertevo-ab,c4403023\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4787616-1&h=1946121644&u=https%3A%2F%2Fnews.cision.com%2Fskf%2Fr%2Fextraordinary-general-meeting-of-ab-skf-resolved-on-distribution-of-the-shares-in-skf-vertevo-ab%2Cc4403023&a=https%3A%2F%2Fnews.cision.com%2Fskf%2Fr%2Fextraordinary-general-meeting-of-ab-skf-resolved-on-distribution-of-the-shares-in-skf-vertevo-ab%2Cc4403023)\n\nThe following files are available for download:\n https://mb.cision.com/Main/637/4403023/4298033.pdf                                                                                                                                                                                                                      20261001 Extraordinary General Meeting of AB SKF resolved on distribution of\n (https://edge.prnewswire.com/c/link/?t=0&l=en&o=4787616-1&h=3682176151&u=https%3A%2F%2Fmb.cision.com%2FMain%2F637%2F4403023%2F4298033.pdf&a=https%3A%2F%2Fmb.cision.com%2FMain%2F637%2F4403023%2F4298033.pdf)                                                           the shares in SKF Vertevo AB\n https://news.cision.com/skf/i/skf-pay-1919-magnetic-bearing,c3569233                                                                                                                                                                                                    SKF Pay 1919 Magnetic Bearing\n (https://edge.prnewswire.com/c/link/?t=0&l=en&o=4787616-1&h=3064620583&u=https%3A%2F%2Fnews.cision.com%2Fskf%2Fi%2Fskf-pay-1919-magnetic-bearing%2Cc3569233&a=https%3A%2F%2Fnews.cision.com%2Fskf%2Fi%2Fskf-pay-1919-magnetic-bearing%2Cc3569233)\n https://news.cision.com/skf/i/hakan-buskhe,c3569232                                                                                                                                                                                                                     Håkan Buskhe\n (https://edge.prnewswire.com/c/link/?t=0&l=en&o=4787616-1&h=1037207027&u=https%3A%2F%2Fnews.cision.com%2Fskf%2Fi%2Fhakan-buskhe%2Cc3569232&a=https%3A%2F%2Fnews.cision.com%2Fskf%2Fi%2Fhakan-buskhe%2Cc3569232)\n\n \n\nView original\ncontent:https://www.prnewswire.com/news-releases/extraordinary-general-meeting-of-ab-skf-resolved-on-distribution-of-the-shares-in-skf-vertevo-ab-302895841.html\n(https://www.prnewswire.com/news-releases/extraordinary-general-meeting-of-ab-skf-resolved-on-distribution-of-the-shares-in-skf-vertevo-ab-302895841.html)\n\nSOURCE SKF\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn5Xljj4a-20261001","title":"Extraordinary General Meeting of AB SKF resolved on distribution of the shares in SKF Vertevo AB","author":"PR Newswire","ticker":"SKFB","created":"2026-10-01T10:22:54.310Z","tickers":["SKFB"],"exchange":"Nasdaq Stockholm","article_body":"Extraordinary General Meeting of AB SKF resolved on distribution of the shares in SKF Vertevo AB\nPR Newswire\n\nGOTHENBURG, Sweden, Oct. 1, 2026\n\nGOTHENBURG, Sweden, Oct. 1, 2026 /PRNewswire/ -- Aktiebolaget SKF held an\nExtraordinary General Meeting on Thursday, 1 October 2026 ahead of the planned\nlisting on Nasdaq Stockholm on 1 December 2026.\n\nIn accordance with the Board of Directors' proposal, the Extraordinary General\nMeeting resolved to distribute all shares in the wholly owned subsidiary SKF\nVertevo AB to SKF's shareholders, whereby five (5) SKF class A shares entitle\nthe holder to one (1) SKF Vertevo class A share and five (5) SKF class B\nshares 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 long-term\nvalue as one of the leading players in the automotive bearing industry,\" says\nHåkan Buskhe, Chair of the Board of SKF Vertevo.\n\nThe General Meeting also authorized SKF's Board of Directors to determine the\nrecord date for the distribution of the shares in SKF Vertevo. The record date\nis expected to be 27 November 2026, and the first day of trading in the SKF\nVertevo 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(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4787616-1&h=3050037691&u=https%3A%2F%2Fwww.skf.com%2Fgroup%2Finvestors%2Fcorporate-governance%2Fgeneral-meetings&a=https%3A%2F%2Fwww.skf.com%2Fgroup%2Finvestors%2Fcorporate-governance%2Fgeneral-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://edge.prnewswire.com/c/link/?t=0&l=en&o=4787616-1&h=3230303686&u=https%3A%2F%2Fwww.skf.com%2Fgroup%2Fnews-and-events%2Fnews%2F2026%2F2026-Sept-07-skfs-board-takes-next-step-in-the-listing-of-skf-vertevo-and-convenes-extraordinary-general-meeting&a=link+to+press+release)\n]\n17 September 2024: SKF initiates a separation of its Automotive business [link\nto press release\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4787616-1&h=4190505059&u=https%3A%2F%2Fwww.skf.com%2Fgroup%2Fnews-and-events%2Fnews%2F2024%2F2024-Sep-17-skf-initiates-a-separation-of-its-automotive-business&a=link+to+press+release)\n]\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 (mailto:carl.bjernstam@skf.com)\nInvestor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908 072;\nsophie.arnius@skf.com (mailto:sophie.arnius@skf.com)\n\nThis information was brought to you by Cision http://news.cision.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4787616-1&h=613426797&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com)\n\nhttps://news.cision.com/skf/r/extraordinary-general-meeting-of-ab-skf-resolved-on-distribution-of-the-shares-in-skf-vertevo-ab,c4403023\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4787616-1&h=1946121644&u=https%3A%2F%2Fnews.cision.com%2Fskf%2Fr%2Fextraordinary-general-meeting-of-ab-skf-resolved-on-distribution-of-the-shares-in-skf-vertevo-ab%2Cc4403023&a=https%3A%2F%2Fnews.cision.com%2Fskf%2Fr%2Fextraordinary-general-meeting-of-ab-skf-resolved-on-distribution-of-the-shares-in-skf-vertevo-ab%2Cc4403023)\n\nThe following files are available for download:\n https://mb.cision.com/Main/637/4403023/4298033.pdf                                                                                                                                                                                                                      20261001 Extraordinary General Meeting of AB SKF resolved on distribution of\n (https://edge.prnewswire.com/c/link/?t=0&l=en&o=4787616-1&h=3682176151&u=https%3A%2F%2Fmb.cision.com%2FMain%2F637%2F4403023%2F4298033.pdf&a=https%3A%2F%2Fmb.cision.com%2FMain%2F637%2F4403023%2F4298033.pdf)                                                           the shares in SKF Vertevo AB\n https://news.cision.com/skf/i/skf-pay-1919-magnetic-bearing,c3569233                                                                                                                                                                                                    SKF Pay 1919 Magnetic Bearing\n (https://edge.prnewswire.com/c/link/?t=0&l=en&o=4787616-1&h=3064620583&u=https%3A%2F%2Fnews.cision.com%2Fskf%2Fi%2Fskf-pay-1919-magnetic-bearing%2Cc3569233&a=https%3A%2F%2Fnews.cision.com%2Fskf%2Fi%2Fskf-pay-1919-magnetic-bearing%2Cc3569233)\n https://news.cision.com/skf/i/hakan-buskhe,c3569232                                                                                                                                                                                                                     Håkan Buskhe\n (https://edge.prnewswire.com/c/link/?t=0&l=en&o=4787616-1&h=1037207027&u=https%3A%2F%2Fnews.cision.com%2Fskf%2Fi%2Fhakan-buskhe%2Cc3569232&a=https%3A%2F%2Fnews.cision.com%2Fskf%2Fi%2Fhakan-buskhe%2Cc3569232)\n\n \n\nView original\ncontent:https://www.prnewswire.com/news-releases/extraordinary-general-meeting-of-ab-skf-resolved-on-distribution-of-the-shares-in-skf-vertevo-ab-302895841.html\n(https://www.prnewswire.com/news-releases/extraordinary-general-meeting-of-ab-skf-resolved-on-distribution-of-the-shares-in-skf-vertevo-ab-302895841.html)\n\nSOURCE SKF\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-01T10:22:54.368649956Z","server_sent_at_ms":1790850174368},"received_at":"2026-10-01T10:22:54.421Z","source_url":"https://www.prnewswire.com/news-releases/extraordinary-general-meeting-of-ab-skf-resolved-on-distribution-of-the-shares-in-skf-vertevo-ab-302895841.html"},"analysis":{"id":"146378","press_release_id":"157723","analysis_json":{"industry":{"label":"Machinery","sector":"Industrials"},"redFlags":[],"eventType":"m_and_a","narrative":"AB SKF's Extraordinary General Meeting resolved to distribute all shares in wholly owned subsidiary SKF Vertevo AB to SKF shareholders ahead of the planned Nasdaq Stockholm listing.\n\nThe distribution ratio is one SKF Vertevo share for every five SKF class A or class B shares, with an expected record date of 27 November 2026 and first trading day of 1 December 2026.\n\nAs a result, the Automotive segment will be reported as discontinued operations and held-for-distribution in SKF's third-quarter report; a prospectus is planned for November and a Capital Markets Day is set for 17 November in Stockholm.","sentiment":"neutral","agentHooks":{"shouldPost":true,"suggestedAngle":"SKF spin-off of its Automotive business cleared by shareholders -- 5:1 distribution ratio with SKF Vertevo listing on Nasdaq Stockholm on 1 December."},"keyFigures":{"customDimensions":{"distribution_ratio":"5 SKF class A/B shares entitle holder to 1 SKF Vertevo class A/B share","expected_record_date":"2026-11-27","first_day_trading_ex_rights":"2026-11-26","last_day_trading_with_rights":"2026-11-25","expected_first_trading_day_vertevo":"2026-12-01"}},"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 company"},{"name":"SKF Vertevo AB","relationship":"wholly owned subsidiary being spun off"},{"name":"Nasdaq Stockholm","relationship":"listing venue"}],"dollarAmounts":[]},"materialImpact":{"score":3,"reasoning":"Shareholders formally approved the distribution of SKF Vertevo (Automotive segment) ahead of its Nasdaq Stockholm listing on 1 December 2026, a structural corporate event but one that was already announced and largely expected."},"tickerRelevance":{"others":[],"primary":"SKFB"},"globalImportance":42,"audienceRelevance":30,"eventTypeSecondary":["other"],"importanceComponents":{"novelty":"expected step in previously announced separation","tickerTier":"large-cap European industrial","eventGravity":"approved spin-off distribution"}},"event_type":"m_and_a","event_type_secondary":["other"],"sentiment":"neutral","material_impact_score":3,"narrative":"AB SKF's Extraordinary General Meeting resolved to distribute all shares in wholly owned subsidiary SKF Vertevo AB to SKF shareholders ahead of the planned Nasdaq Stockholm listing.\n\nThe distribution ratio is one SKF Vertevo share for every five SKF class A or class B shares, with an expected record date of 27 November 2026 and first trading day of 1 December 2026.\n\nAs a result, the Automotive segment will be reported as discontinued operations and held-for-distribution in SKF's third-quarter report; a prospectus is planned for November and a Capital Markets Day is set for 17 November in Stockholm.","key_figures":{"customDimensions":{"distribution_ratio":"5 SKF class A/B shares entitle holder to 1 SKF Vertevo class A/B share","expected_record_date":"2026-11-27","first_day_trading_ex_rights":"2026-11-26","last_day_trading_with_rights":"2026-11-25","expected_first_trading_day_vertevo":"2026-12-01"}},"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 company"},{"name":"SKF Vertevo AB","relationship":"wholly owned subsidiary being spun off"},{"name":"Nasdaq Stockholm","relationship":"listing venue"}],"dollarAmounts":[]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-01T10:23:00.053Z","global_importance":42,"audience_relevance":30,"importance_components":{"novelty":"expected step in previously announced separation","tickerTier":"large-cap European industrial","eventGravity":"approved spin-off distribution"}},"durationMs":5617,"modelName":"glm-5.3-flashx"}}