Buybacks of series B shares in AB Electrolux during week 46, 2021
STOCKHOLM,Nov. 23. 2021 -- During the period November 15- November 19,2021 AB Electrolux (LEI code 549300Y3HHZB1ZGFPJ93) has repurchased in total 438,410 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 9,369,172 series B shares for a total maximum amount of SEK 2,800 million,which AB Electrolux announced on October 27,2021. The buyback program,which runs between October 28,2021-March 25,2022,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)
15/11/2021
87,682
208.986
18,324,284.15
16/11/2021
87,682
213.966
18,760,931.74
17/11/2021
87,682
216.232
18,959,619.15
18/11/2021
87,682
217.373
19,059,673.08
19/11/2021
87,682
214.212
18,782,571.66
All acquisitions have been carried out on Nasdaq Stockholm by Exane BNP Paribas on behalf of ABElectrolux. Following the above acquisitions. AB Electrolux's holding of own shares as of November 19,2021 amounts to 23,263,685 series B shares. The total number of shares in AB Electrolux amounts to 308,920,308.
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.
CONTACT:
For further information,please contact:
Sophie Arnius,Head of Investor Relations,+46 70 590 80 72
Rupini Bergström,Electrolux Press Hotline,+46 8657 6507
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-46--2021,c3458234
The following files are available for download:
https://mb.cision.com/Main/1853/3458234/1499767.pdf
Pressrelease 2021122 Electrolux repurchased shares week 46
https://mb.cision.com/Public/1853/3458234/8a7f146563fb6666.pdf
Bilaga Appendix - full breakdown of AB Electrolux buyback transactions week 46 2021
