Share buybacks

Share buyback program 2021/2022

Electrolux has on October 27, 2021 launched a share buyback program. 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, which will further improve earnings per share.

Based on the authorization granted by the Annual General Meeting held on March 25, 2021, the Board has resolved to repurchase a maximum of 9,369,172 own series B shares on Nasdaq Stockholm for a total maximum amount of SEK 2,800m. The program is planned to run during the period October 28, 2021 – March 25, 2022.

The share buyback program is managed by a bank, Exane BNP Paribas, that makes its trading decisions regarding timing of the share repurchases independently of Electrolux. The company’s holding of own shares may not at any time exceed 10% of the outstanding shares in the company.

Weekly reports on repurchased shares will be published through press releases, that can found here. Select category “Share buybacks”. If there are no share repurchases during one week, no press release will be issued the following week.

The share buyback program is 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”).