Buybacks of series B shares in AB Electrolux during week 50, 2021

STOCKHOLM, Dec. 21, 2021 /PRNewswire/ — During the period December 13December 17, 2021 AB Electrolux (LEI code 549300Y3HHZB1ZGFPJ93) has repurchased in total 427,890 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 9,369,172 series B shares for a total maximum amount of SEK 2,800 million, which AB Electrolux announced on October 27, 2021. The buyback program, which runs between October 28, 2021 – March 25, 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)

13/12/2021

85,578

213.1165

 

18,238,083.84

 

14/12/2021

85,578

209.0789

 

17,892,554.10

 

15/12/2021

85,578

209.1643

 

17,899,862.47

 

16/12/2021

85,578

211.8335

 

18,128,287.26

 

17/12/2021

85,578

210.9360

 

18,051,481.01

 

All acquisitions have been carried out on Nasdaq Stockholm by Exane BNP Paribas on behalf of AB Electrolux. Following the above acquisitions, AB Electrolux holding of own shares as of December 17, 2021 amounts to 25,158,291 series B shares. The total number of shares in AB Electrolux amounts to 308,920,308.

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, Head of Investor Relations, +46 70 590 80 72

Ruoini Bergström, 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-50–2021,c3475599

The following files are available for download:

https://mb.cision.com/Main/1853/3475599/1512497.pdf

Pressrelease 20211220 Electrolux repurchased shares week 50

https://mb.cision.com/Public/1853/3475599/bc40e89ec06af008.pdf

Bilaga Appendix – full breakdown of AB Electrolux buyback transactions week 50 2021

 

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