AB Volvo Transfer Remaining Shares to Renault S.A.Business Editors STOCKHOLM Stockholm (stŏk`hôlm'), city (1995 pop. 692,954), capital of Sweden and of Stockholm co., E Sweden, situated where Lake Mälaren flows into the Baltic Sea. , Sweden--(BUSINESS WIRE)--Feb. 9, 2001 AB Volvo Volvo Cars is the luxury car maker using the Volvo Trademark. The Volvo Group is a Swedish supplier of commercial transport solutions providing products such as trucks, buses and construction equipment, drive systems for marine and industrial applications, aerospace has today, February 9 2001, transferred to Renault S Re·nault , Jean Louis 1843-1918. French jurist who represented France at The Hague Conference of 1907. He shared the 1907 Nobel Peace Prize. .A. 6,930,248 Series A Volvo shares and 15,145,797 Series B Volvo shares as final payment for 100 percent of the shares in Renault V.I/Mack, Renault's truck business. AB Volvo acquired the transferred shares, which represents 5 percent of the share capital and voting rights Voting rights The right to vote on matters that are put to a vote of security holders. For example the right to vote for directors. voting rights The type of voting and the amount of control held by the owners of a class of stock. in AB Volvo, through purchases on the OM Stockholm Exchange. Following the transfer AB Volvo owns 0,38 percent of Series A shares and 1,03 percent of Series B shares, which corresponds to 0,49 percent of the voting rights and 0,82 percent of the share capital. After having acquired 4,9 percent of Volvo shares in the open market, Renault now holds 14,9 percent of the shares in AB Volvo. February 9, 2001 ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download To receive a file transmitted over a network. In any communications session, "download" means receive, and "upload" means send. The download/upload often implies a big/little scenario, in which data is being downloaded from the "big" server into the "little" user's computer. : http://www.bit.se/bitonline/2001/02/09/20010209BIT00710/bit0001.doc http://www.bit.se/bitonline/2001/02/09/20010209BIT00710/bit0002.pdf |
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