Renault and Industrivärden propose the possibility of voluntary conversion of Volvo’s Series A shares

In a letter to AB Volvo’s Board of Directors ahead of the Annual General Meeting (AGM) on April 6 this year, AB Volvo’s two largest shareholders – Renault S.A. and Industrivärden – have proposed an addendum to AB Volvo’s articles of association that would permit voluntary conversion of Series A to Series B shares. Any amendment of the articles of association requires the support of shareholders representing at least two thirds of the shares and voting rights at the AGM.