The Board of Directors in
Following the review of its' capital structure, communicated on
The Board has previously communicated its intention to buy back shares over several years with the objective to further optimize the company's capital structure through subsequent share cancellations. The program of
The share buyback program will be carried out in accordance with the Market Abuse Regulation (
The share buyback program resolved by the Board of Directors is subject to the following terms:
- Acquisitions may only be effected on Nasdaq Stockholm in accordance with its
Rulebook for Issuers of Shares (below the "Rulebook") as well as in accordance with MAR and the Safe Harbour Regulation.
-
Acquisitions shall commence no earlier than
May 2, 2022 and shall end no later thanOctober 21, 2022 .
- Acquisitions may only be effected at a price per share within the prevailing band of prices applying on Nasdaq Stockholm from time to time and in accordance with the restrictions relating to price in the Safe Harbour Regulation. The range of prices pertains to the range between the highest purchase price and the lowest selling price disseminated by Nasdaq Stockholm from time to time.
-
Acquisitions may only be effected in accordance with the restrictions regarding volume for acquisitions of own shares stated in the
Rulebook and in the Safe Harbour Regulation.
-
A maximum of 8,000,000 series B shares may be repurchased for a total maximum amount of
SEK 1,250 million . The company's holding of own shares may not at any time exceed 10 per cent of the outstanding shares in the company.
- Payment for the shares shall be made in cash.
The total number of shares in Electrolux is 283,077,393, of which 8,192,348 series A shares and 274,885,045 series B shares. At the time of this press release the company holds 5,049,115 own series B shares.
This is information that
For further information, please contact:
Sophie Arnius, Investor Relations, +46 70 590 80 72
Paul Palmstedt, Corporate Communications, +46 70 593 92 83
Electrolux is a leading global appliance company that has shaped living for the better for more than 100 years. We reinvent taste, care and wellbeing experiences for millions of people, always striving to be at the forefront of sustainability in society through our solutions and operations. Under our brands, including Electrolux,
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