AB Electrolux (publ) (OM:ELUX B) commences a share repurchases on October 28, 2021, under the program mandated by the shareholders in the Annual General Meeting held on March 25, 2021. As per the mandate, the company is authorized to repurchase up to 9,369,173 shares, representing 3.03% of its issued share capital. The company will repurchase its shares in such a way that the company holds at a maximum 10 per cent of all shares issued by the company. The repurchases may only be made at a price per share at each time within the prevailing price interval for the share. The repurchases will be made for cash. The purpose of the share repurchase program is to be able to use repurchased shares on account of potential company acquisitions and the company's share related incentive programs, and to be able to adapt the company's capital structure, thereby contributing to increased shareholder value. The share repurchase program will expire at the next Annual General Meeting. As of February 15, 2021, the company had 308,920,308 shares consists of 8,192,539 Class A-shares and 300,727,769 Class B-shares in issue and holds 21,522,858 B shares under treasury shares.

On October 27, 2021, the company announced a share repurchase program. Under the program, the company will repurchase up to a maximum of 9,369,172 series B shares, for a total maximum amount of SEK 2,800 million. The objective of the share buyback program is to optimize the company's capital structure and the intention is to reduce Electrolux share capital through subsequent share cancellations. The program shall commence no earlier than October 28, 2021 and shall end no later than March 25, 2022.