The Annual General Meeting of AB Electrolux was held on Tuesday, April 25, in Stockholm.
The proposed dividend of SEK 3.50 per share was adopted. The record date was set for April 28, 2000, and dividends are estimated to be paid by VPC on May 4, 2000.
The Meeting authorized the Board to decide upon acquisition and sale of the Company’s own shares of series A and series B, during the period up to the next Annual General Meeting.
The intention is among other things to continuously be able to adapt the capital structure to the needs of the Company, thereby contributing to increased shareholder value, or to be able to finance potential company acquisitions. The proposal stipulates that a maximum of 10 per cent of the total number of shares may be acquired.