The Board of Directors of AB Electrolux has decided to apply for delisting from the London Stock Exchange, LSE. The Electrolux B-share has been listed on the LSE since 1928.
The LSE listing has been a part in a strategy to increase international ownership in Electrolux. However, this listing is no longer deemed necessary due to deregulation of international capital markets and the increased foreign ownership of shares on OMX Nasdaq Stockholm.
In recent years, trading of Electrolux shares on the LSE has been limited. Electrolux has also exited its other international listings in recent years, including those of Paris, Zürich and Geneva as well as New York’s Nasdaq.
It is expected that the delisting will become effective during the first quarter 2010.
For further information contact Electrolux Media Hotline on +46 8 657 65 07
Electrolux is a global leader in household appliances and appliances for professional use, selling more than 40 million products to customers in more than 150 markets every year. The company focuses on innovations that are thoughtfully designed, based on extensive consumer insight, to meet the real needs of consumers and professionals. Electrolux products include refrigerators, dishwashers, washing machines, vacuum cleaners and cookers sold under esteemed brands such as Electrolux, AEG-Electrolux, Eureka and Frigidaire. In 2008, Electrolux had sales of SEK 105 billion and 55,000 employees.
Electrolux may be required to disclose the information provided herein pursuant to the Securities Market Act.