STOCKHOLM, November 29, 2021 / PRNewswire / – During the period November 22 – November 26, 2021 AB Electrolux (LEI code 549300Y3HHZB1ZGFPJ93) bought back a total of 438,410 series B own 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 are part of the buyback program of a maximum of 9,369,172 series B shares for a maximum total amount of 2,800 million Swedish kronor, that AB Electrolux announced on October 27, 2021. The buyback program, which runs from October 28, 2021 to March 25, 2022, is being conducted in accordance with Market Abuse Regulation (EU) No 596/2014 (“MAR”) and Commission Delegated Regulation 2016 / 1052 (the “Safe Harbor Regulations”). The objective of share buybacks is to optimize the capital structure of the company and the intention is to reduce the share capital of Electrolux through subsequent share cancellations.

AB Electrolux Series B shares were redeemed (in SEK) as follows:

All acquisitions were made on Nasdaq Stockholm by Exane BNP Paribas on behalf of AB Electrolux. Following the above acquisitions, AB Electrolux holding treasury shares from November 26, 2021 amounts to 23,702,095 Series B shares. The total number of AB Electrolux shares amounts to 308,920,308.

A full breakdown of transactions in accordance with Article 5.3 of MAR and Article 2.3 of the Safe Harbor Rules is attached to this announcement.

For more information, please contact:

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

The story continues

Rupini Bergström, Electrolux Press Hotline, +46 8 657 65 07

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https://news.cision.com/electrolux/r/buybacks-of-series-b-shares-in-ab-electrolux-during-week-47–2021,c3462484

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