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    HomePR NewswireBuybacks of series B shares in AB Electrolux during week 25, 2022

    Buybacks of series B shares in AB Electrolux during week 25, 2022

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    STOCKHOLM, June 27, 2022 /PRNewswire/ — During the period June 20 – June 23, 2022 AB Electrolux (LEI code 549300Y3HHZB1ZGFPJ93) has repurchased in total 345,280 own series B shares (ISIN: SE0016589188) as part of the buyback program initiated by the Board of Directors in order to optimize the company’s capital structure.

    The share buybacks form part of the buyback program of a maximum of 8,000,000 series B shares for a total maximum amount of SEK 1,250 million, which AB Electrolux announced on April 29, 2022. The buyback program, which runs between May 2, 2022 – October 21, 2022, is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and the Commission Delegated Regulation 2016/1052 (the “Safe Harbour Regulation”). 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.

    Series B shares in AB Electrolux have been repurchased (in SEK) as follows:

    Date

    Aggregated daily volume (number of shares)

    Weighted average share price per day (SEK)

    Total daily transaction value (SEK)

    20/06/2022

    100,000

    135.7452

    13,574,520.00

    21/06/2022

    280

    137.0000

    38,360.00

    22/06/2022

    125,000

    134.1594

    16,769,925.00

    23/06/2022

    120,000

    134.1119

    16,093,428.00

    All acquisitions have been carried out on Nasdaq Stockholm by Citigroup Global Markets Europe AG on behalf of AB Electrolux. Following the above acquisitions, AB Electrolux holding of own shares as of June 23, 2022 amounts to 8,534,407 series B shares. The total number of shares in AB Electrolux amounts to 283,077,393.

    A full breakdown of the transactions pursuant to article 5.3 of MAR and article 2.3 of the Safe Harbour Regulation is attached to this announcement.

    For further information, please contact:

    Sophie Arnius, Investor Relations, +46 70 590 80 72
    Electrolux Press Hotline, +46 8 657 65 07

    This information was brought to you by Cision http://news.cision.com

    https://news.cision.com/electrolux/r/buybacks-of-series-b-shares-in-ab-electrolux-during-week-25–2022,c3591873

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    Raaj Lokanathan
    Raaj Lokanathan
    A software engineer as a profession. A tech blogger as a passion.

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