Buybacks of series B shares in AB Electrolux during week 46, 2021

Buybacks of series B shares in AB Electrolux during week 46, 2021

PR Newswire

STOCKHOLM, Nov. 22. 2021

STOCKHOLM, Nov. 22. 2021 /PRNewswire/ -- During the period November 15- November 19, 2021 AB Electrolux (LEI code 549300Y3HHZB1ZGFPJ93) has repurchased in total 438,410 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)

                                               

                                   

15/11/2021

 

87,682

 

208.986

 

18,324,284.15

 

                                   

16/11/2021

 

87,682

 

213.966

 

18,760,931.74

 

                                   

17/11/2021

 

87,682

 

216.232

 

18,959,619.15

 

                                   

18/11/2021

 

87,682

 

217.373

 

19,059,673.08

 

                                   

19/11/2021

 

87,682

 

214.212

 

18,782,571.66

 

All acquisitions have been carried out on Nasdaq Stockholm by Exane BNP Paribas on behalf of AB Electrolux. Following the above acquisitions. AB Electrolux's holding of own shares as of November 19, 2021 amounts to 23,263,685 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.

CONTACT:

For further information, please contact:

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

Rupini 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-46--2021,c3458234

The following files are available for download:

https://mb.cision.com/Main/1853/3458234/1499767.pdf

Pressrelease 2021122 Electrolux repurchased shares week 46

https://mb.cision.com/Public/1853/3458234/8a7f146563fb6666.pdf

Bilaga Appendix - full breakdown of AB Electrolux buyback transactions week 46 2021

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