STOCKHOLM, May 30, 2022 / PRNewswire / – During the period May 23 – 27, 2022 AB Electrolux (code LEI 549300Y3HHZB1ZGFPJ93) repurchased a total of 350,000 Series B shares (ISIN: SE0016589188) as part of a buyout program initiated by the Board of Directors to optimize the company’s capital structure.
The share repurchase is part of a repurchase program of a maximum of 8,000,000 Series B shares for a total maximum amount 1,250 million Swedish kronorwhich AB Electrolux announced on April 29, 2022. The foreclosure program, which runs from 2 May 2022 to 21 October 2022, is implemented in accordance with the Market Abuse Regulation (EU) № 596/2014 (“MAR”) and the Commission Delegated Regulation 2016/1052 “Safe Harbor Rules »). The purpose of the share repurchase is to optimize the company’s capital structure, and the intention is to reduce the authorized capital of Electrolux by subsequently canceling the shares.
Series B shares in AB Electrolux were repurchased (in Swedish krona) as follows:
|
Date |
Total daily volume (number of shares) |
Weighted average share price per day (SEK) |
Total Daily Transaction Cost (SEK)
|
|
05/23/2022 |
120,000 |
145.0948 |
17,411,376.00
|
|
05/24/2022 |
110,000 |
144.4300 |
15,887,300.00
|
|
05/25/2022 |
120,000 |
141.5284 |
16,983,408.00
|
|
05/27/2022 |
– |
– |
–
|
All acquisitions were made at Nasdaq Stockholm Citigroup Global Markets Europe AG on behalf of AB Electrolux. Following the above acquisitions, AB Electrolux holds its own shares May 27, 2022 is 6,621,615 Series B shares. The total number of AB Electrolux shares is 283,077,393.
A full analysis of operations in accordance with Article 5.3 MAR and Article 2.3 of the Safe Harbor Regulations is attached to this notice.
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https://news./electrolux/r/buybacks-of-series-b-shares-in-ab-electrolux-during-week-21–2022,c3576545
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For more information, please contact:
Sophie Arnius, Head of Investor Relations, +46 70 590 80 72
Electrolux Press Hotline, Rupini Braggström, +46 8 657 65 07
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SOURCE Electrolux
