{"success":true,"data":{"pressRelease":{"id":"157726","rtpr_id":"nPreSpVMPa-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":"2026-10-01T10:25:43.370Z","article_body":"Extraordinary General Meeting of AB SKF resolved on distribution of the shares\nin 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\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)]\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\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\nThis information was brought to you by Cision http://news.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\nThe following files are available for download:\n\n https://mb.cision.com/Main/637/4403023/4298033.pdf                    20261001 Extraordinary General Meeting of AB SKF resolved on distribution of 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://news.cision.com/skf/i/hakan-buskhe,c3569232                   Håkan Buskhe                                                                                               \n\n \n\nView original\ncontent:https://www.prnewswire.co.uk/news-releases/extraordinary-general-meeting-of-ab-skf-resolved-on-distribution-of-the-shares-in-skf-vertevo-ab-302895844.html\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPreSpVMPa-20261001","title":"Extraordinary General Meeting of AB SKF resolved on distribution of the shares in SKF Vertevo AB","author":"PR Newswire","ticker":"SKFB","created":"2026-10-01T10:25:43.370Z","tickers":["SKFB"],"exchange":"Nasdaq Stockholm","article_body":"Extraordinary General Meeting of AB SKF resolved on distribution of the shares\nin 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\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)]\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\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\nThis information was brought to you by Cision http://news.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\nThe following files are available for download:\n\n https://mb.cision.com/Main/637/4403023/4298033.pdf                    20261001 Extraordinary General Meeting of AB SKF resolved on distribution of 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://news.cision.com/skf/i/hakan-buskhe,c3569232                   Håkan Buskhe                                                                                               \n\n \n\nView original\ncontent:https://www.prnewswire.co.uk/news-releases/extraordinary-general-meeting-of-ab-skf-resolved-on-distribution-of-the-shares-in-skf-vertevo-ab-302895844.html\n\n\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-10-01T10:25:43.403668444Z","server_sent_at_ms":1790850343403},"received_at":"2026-10-01T10:25:43.454Z","source_url":null},"analysis":{"id":"146381","press_release_id":"157726","analysis_json":{"industry":{"label":"Machinery","sector":"Industrials"},"redFlags":["Automotive segment to be reported as discontinued operations, altering comparability of Q3 results","SKF shares will trade ex-distribution rights from 26 November, relevant for holders tracking entitlement"],"eventType":"other","narrative":"AB SKF's Extraordinary General Meeting approved the distribution of all shares in wholly owned subsidiary SKF Vertevo AB to SKF shareholders ahead of a planned 1 December 2026 Nasdaq Stockholm listing.\n\nThe distribution ratio is one SKF Vertevo share for every five SKF class A or class B shares, with the record date expected on 27 November 2026.\n\nFollowing the distribution, SKF's Automotive segment will be reported as discontinued operations in the third-quarter report.\n\nA prospectus is planned for November, a Capital Markets Day is set for 17 November in Stockholm, and SKF shares trade ex-distribution from 26 November.","sentiment":"neutral","agentHooks":{"shouldPost":true,"suggestedAngle":"Shareholders green-light the SKF Vertevo spin-off -- key dates and 5:1 distribution ratio for holders ahead of the 1 December listing."},"keyFigures":{"customDimensions":{"record_date":"2026-11-27","listing_date":"2026-12-01","distribution_ratio":"5 SKF shares entitle holder to 1 SKF Vertevo share","capital_markets_day":"2026-11-17","prospectus_publication":"November 2026","last_day_trading_with_rights":"2026-11-25"}},"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":"Shareholder approval of the spin-off and Nasdaq Stockholm listing of SKF Vertevo (the Automotive business) is a significant structural event, but it is the execution of an already-announced plan rather than new strategic news."},"tickerRelevance":{"others":[],"primary":"SKFB"},"globalImportance":35,"audienceRelevance":20,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"large-cap-european","eventGravity":"spin-off shareholder approval","eventNovelty":"execution of previously announced separation"}},"event_type":"other","event_type_secondary":null,"sentiment":"neutral","material_impact_score":3,"narrative":"AB SKF's Extraordinary General Meeting approved the distribution of all shares in wholly owned subsidiary SKF Vertevo AB to SKF shareholders ahead of a planned 1 December 2026 Nasdaq Stockholm listing.\n\nThe distribution ratio is one SKF Vertevo share for every five SKF class A or class B shares, with the record date expected on 27 November 2026.\n\nFollowing the distribution, SKF's Automotive segment will be reported as discontinued operations in the third-quarter report.\n\nA prospectus is planned for November, a Capital Markets Day is set for 17 November in Stockholm, and SKF shares trade ex-distribution from 26 November.","key_figures":{"customDimensions":{"record_date":"2026-11-27","listing_date":"2026-12-01","distribution_ratio":"5 SKF shares entitle holder to 1 SKF Vertevo share","capital_markets_day":"2026-11-17","prospectus_publication":"November 2026","last_day_trading_with_rights":"2026-11-25"}},"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":"2026-10-01T10:25:49.430Z","global_importance":35,"audience_relevance":20,"importance_components":{"tickerTier":"large-cap-european","eventGravity":"spin-off shareholder approval","eventNovelty":"execution of previously announced separation"}},"durationMs":5965,"modelName":"glm-5.3-flashx"}}