Volvo 2008 Annual Report Download - page 37

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statistics for truck deliveries. It is also possible
to access information concerning the Group’s
governance, including information about the
Annual General Meeting, the Board of Direc-
tors, Group Management and other areas that
are regulated in the “Swedish Code of Corpo-
rate Governance.” This website also invites
shareholders to personally determine the
information to be received from Volvo.
Ownership by country1 , % Ownership categories1, %
The largest shareholders in AB Volvo, Decem-
ber 31, 20081
Voting rights, %
Renault SA 21.3
Industrivärden 8.8
Violet Partners LP 5.5
AFA Insurance 4.9
SHB 4.6
1 Following the repurchase of its own shares, AB Volvo
held 20,728,135 class A shares and 80,310,082 class B
shares comprising in total 4.75% of the number of regis-
tered shares on December 31, 2008.
Price trend, Volvo Series B shares, SEK
Volvo B FTSE Top 100 OMXSPI
Source: OMX/FTSE
04 05 06 07 08
80
60
40
20
160
140
120
100
Sweden 51%
France 21%
USA 14%
United Kingdom 6%
Luxenbourg 2%
Switzerland 2%
Others 4%
1) Share of capital, registered shares.
Non-Swedish owners 49%
Private shareholders 12%
Pension funds and insurance
companies 16%
Savings funds 11%
Others 12%
1) Share of capital, registered shares.
The employees' ownership of shares in Volvo through pension
foundations is remote.
Share capital, December 31, 2008
Registered number of shares
12,128,420,220
of which, Series A shares
2677,601,630
of which, Series B shares
31,450,818,590
Quota value, SEK 1.20
Share capital, SEK M 2,554
Number of shareholders 220,192
Private persons 207,046
Legal entities 13,146
More details on the Volvo share, see not 23.
1 Following the repurchase of the Group’s own shares, the
number of outstanding shares was 2,027,382,003.
2 Series A shares carry one vote each.
3 Series B shares carry one tenth of a vote each.
Credit rating at February 24, 2009
Short term Long term
Moody’s P-2 stable Baa1 stable
Standard & Poor's A2 stable A- negative
DBRS R-1 (low) stable N/A
R&I (Japan) a-1 A+ stable
More details on the Volvo share are
provided in note 23 to the fi nancial
statements and on the page Volvo
share statistics.
33
Board of Directors’ Report 2008