Volvo 2004 Annual Report Download - page 7

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holders. The value of the distribution was
SEK 6,310 M or SEK 15.05 per share.
Repurchase of shares
On June 17, 2004, the Board of AB Volvo
decided to acquire, through purchase on
the Stockholm Stock Exchange, a max-
imum of 22,076,045 Series A and/or B
shares, not exceeding a total purchase
amount of SEK 4,300 M. By year-end
2004, a total of 9,315,000 Volvo A and
Bshares were repurchased equivalent to
SEK 2,532 M.
5
The total number of shares held by
Volvo as treasury stock at year-end was
31,391,043 or 7.1% of the registered
shares.
Dividend
For fiscal year 2004, the Board of
Directors proposes that the shareholders
at the Annual General Meeting approve a
cash dividend of SEK 12.50 per share, a
total of approximately SEK 5,127 M. This
corresponds to a direct return of 4.7%
calculated at the year-end rate of SEK
263.50 for the Volvo B share.
The largest shareholders in
AB Volvo, December 31, 20041
Share capital, %2
Renault SA 20.0
Robur fonder (savings funds) 2.6
Svenska Handelsbanken31.9
Second Swedish National
Pension Fund (AP2) 1.8
Svenska Handelsbanken/SPP fonder41.8
1Following the repurchase of its own shares, AB
Volvo held 7.1% of the Company´s shares on Dec.
31, 2004.
2Based on all registered shares.
3Svenska Handelsbanken comprises shares held by
Svenska Handelsbanken, Svenska Handelsbanken
Pension Fund and Oktogonen.
4 Savings and pension funds.
Credit rating
Short term Long term
Moody’s P-2 stable A3 stable
(unsolicited)
Standard A2 stable Not rated
& Poor
Unsolicited = No agreement with Volvo to
publish the rating
Share capital, December 31, 2004
Registered number of shares1441,520,885
of which, Series A shares2138,604,945
of which, Series B shares3302,915,940
Par value, SEK 6
Share capital, SEK M 2,649
Number of shareholders 202,349
Private persons 194,108
Legal entities 8,241
1Following the repurchase of the Group’s own
shares, the number of outstanding shares was
410,129,842.
2Series A shares carry one vote each.
3Series B shares carry one tenth of a vote each.
More details on the Volvo share can be found on
page 120.
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Price Trend, Volvo series B SEK
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