On October 27, 2021, Electrolux launched a share buyback program of a maximum of 9,369,172 series B shares for a total maximum amount of SEK 2,800m, which was completed on February 3, 2022. The objective of the share buybacks is to optimize the company’s capital structure and the intention is to reduce Electrolux number of shares through subsequent share cancellations, which will further improve earnings per share.
During the period October 28, 2021 – February 3, 2022 Electrolux repurchased in total 9,369,172 own series B shares for a total amount of SEK 1,894m.
All acquisitions have been carried out on Nasdaq Stockholm by Exane BNP Paribas on behalf of Electrolux. The share buyback program has been carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (”MAR”) and the Commission Delegated Regulation (EU) No 2016/1052 (the “Safe Harbour Regulation”).