Le Lézard
Classified in: Science and technology, Business
Subjects: ACC, VEN

Buybacks of series B shares in AB Electrolux during week 33, 2022


STOCKHOLM, Aug. 22, 2022 /PRNewswire/ -- During the period August 15 - August 19, 2022 AB Electrolux (LEI code 549300Y3HHZB1ZGFPJ93) has repurchased in total 345,000 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)

                                               

                                   

15/08/2022

 

-

 

-

 

-

 

                                   

16/08/2022

 

-

 

-

 

-

 

                                   

17/08/2022

 

75,000

 

150.3373

 

11,275,297.50

 

                                   

18/08/2022

 

45,000

 

149.7504

 

6,738,768.00

 

                                   

19/08/2022

 

225,000

 

147.0364

 

33,083,190.00

 

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 August 19, 2022 amounts to 10,983,825 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-33--2022,c3617680

The following files are available for download:

https://mb.cision.com/Main/1853/3617680/1617356.pdf

Press release buyback of series B shares in AB Electrolux during week 33 2022

https://mb.cision.com/Public/1853/3617680/b54b1db8579b9112.pdf

Full breakdown of AB Electrolux buyback transactions week 33 2022

SOURCE Electrolux


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