The Annual General Meeting of AB Electrolux was held on Tuesday, March 26, 2013 in Stockholm, Sweden.
Marcus Wallenberg, Lorna Davis, Hasse Johansson, Ronnie Leten, Keith McLoughlin, Fredrik Persson, Ulrika Saxon, Torben Ballegaard Sørensen and Barbara Milian Thoralfsson, were re-elected to the Board of Directors. Bert Nordberg was elected new Board member. Marcus Wallenberg was re-elected Chairman of the Board. At the statutory Board meeting following the AGM, Ronnie Leten was re-elected Deputy Chairman of the Board.
The proposed dividend of SEK 6.50 per share was adopted. The record date was set as April 2, 2013, and cash dividends are expected to be paid from Euroclear Sweden on April 5, 2013.
The parent company’s and the Group’s income statements and balance sheets were adopted. The Board of Directors and the President were discharged from liability for the financial year 2012.
The Meeting resolved to adopt the proposed remunerations to the Board that were communicated in the notice convening the AGM. The proposal for remuneration guidelines for Group Management was also approved, as well as the scope of and the principles for Electrolux performance based, long-term share program for 2013.
The Meeting authorized the Board of Directors to resolve on acquisitions of Electrolux B-shares up to a maximum amount of 10 per cent of all shares issued by the company. The Board was also authorized to transfer own shares on account of company acquisitions. These authorizations are effective during the period until next year’s AGM. As the proposal to transfer B-shares to the participants in the share program for 2013 was not supported by a required majority of shareholders holding at least nine tenths of the votes cast, the Board of Directors will, as set out in the proposal to the AGM, consider other means to meet the delivery undertakings under the program.
Full details on the proposals adopted by the AGM can be downloaded at www.electrolux.com/agm2013.
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Contact Electrolux Press Hotline, +46 8 657 65 07.
Electrolux discloses the information provided herein pursuant to the Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication at 08.00 CET on March 27, 2013.