Buybacks of series B shares in AB Electrolux during week 24, 2022

STOCKHOLM, June 21, 2022 /PRNewswire/ — During the period June 13 – June 17, 2022 AB Electrolux (LEI code 549300Y3HHZB1ZGFPJ93) has repurchased in total 789,138 own series B shares (ISIN: SE0016589188) as part of the buyback program initiated by the Board of Directors in order to optimize the company’s capital structure.

The share buybacks form part of the buyback program of a maximum of 8,000,000 series B shares for a total maximum amount of SEK 1,250 million, which AB Electrolux announced on April 29, 2022. The buyback program, which runs between May 2, 2022 – October 21, 2022, is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and the Commission Delegated Regulation 2016/1052 (the “Safe Harbour Regulation”). The objective of the share buybacks is to optimize the company’s capital structure and the intention is to reduce Electrolux share capital through subsequent share cancellations.

Series B shares in AB Electrolux have been repurchased (in SEK) as follows:

Date

Aggregated daily volume (number of shares)

Weighted average share price per day (SEK)

Total daily transaction value (SEK)

13/06/2022

250,000

138.5642

34,641,050.00

14/06/2022

225,000

134.1481

30,183,322.50

15/06/2022

99,138

135.9121

13,474,053.77

16/06/2022

125,000

135.1606

16,895,075.00

17/06/2022

90,000

136.9216

12,322,944.00

All acquisitions have been carried out on Nasdaq Stockholm by Citigroup Global Markets Europe AG on behalf of AB Electrolux. Following the above acquisitions, AB Electrolux holding of own shares as of June 17, 2022 amounts to 8,189,127 series B shares. The total number of shares in AB Electrolux amounts to 283,077,393.

A full breakdown of the transactions pursuant to article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation is attached to this announcement.

For further information, please contact:

Sophie Arnius, Investor Relations, +46 70 590 80 72

Electrolux Press Hotline, +46 8 657 65 07

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/electrolux/r/buybacks-of-series-b-shares-in-ab-electrolux-during-week-24–2022,c3588427

The following files are available for download:

https://mb.cision.com/Main/1853/3588427/1594965.pdf

Press release buyback of series B shares in AB Electrolux during week 24 2022

https://mb.cision.com/Public/1853/3588427/9acc7a00abc0e625.pdf

Full breakdown of AB Electrolux buyback transactions week 24 2022

SOURCE Electrolux

Disclaimer: The above press release comes to you under an arrangement with PR Newswire. TheTechOutlook.com takes no editorial responsibility for the same.




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