Since the 2003 Annual General Meeting there is a conversion clause allowing conversion of A to B shares in the articles of association. This means that owners of A shares have an ongoing right to convert them to B shares. In September 2026 32,174 A shares in Ratos were converted to B shares, which affects the total number of votes but not the total number of shares in the company.
After the conversion in September, the total number of A shares in Ratos is 84,604,886 (approximately 78% of the votes) and the number of B shares is 242,905,802 (approximately 22% of the votes). The total number of votes is 108,895,466.20.
| Before conversion of A to B shares, no. | After conversion of A to B shares, no. | |||
| Class A shares: | 84,637,060 | Class A shares: | 84,604,886 | |
| Class B shares: | 242,873,628 | Class B shares: | 242,905,802 | |
| Total number of shares: | 327,510,688 | Total number of shares: | 327,510,688 | |
| Total number of votes: | 108,924,422.80 | Total number of votes: | 108,895,466.20 | |