Buybacks of series B shares in AB Electrolux during week 47, 2021
STOCKHOLM,Nov. 30,2021 -- During the period November 22 - November 26,2021 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)
22/11/2021
87,682
213.523
18,722,149.99
23/11/2021
87,682
208.851
18,312,482.15
24/11/2021
87,682
206.762
18,129,270.61
25/11/2021
87,682
208.532
18,284,520.36
26/11/2021
87,682
205.593
18,026,805.43
All acquisitions have been carried out on Nasdaq Stockholm by Exane BNP Paribas on behalf of ABElectrolux. Following the above acquisitions,AB Electrolux holding of own shares as of November 26,2021 amounts to 23,702,095 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.
For further information,please contact:
Sophie Arnius,Head of Investor Relations,+46 70 590 80 72
Rupini Bergström,Electrolux Press Hotline,+46 8657 6507
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https://news.cision.com/electrolux/r/buybacks-of-series-b-shares-in-ab-electrolux-during-week-47--2021,c3462484
The following files are available for download:
https://mb.cision.com/Main/1853/3462484/1502988.pdf
Release
https://mb.cision.com/Public/1853/3462484/8ca99344c705a850.pdf
Bilaga Appendix - full breakdown of AB Electrolux buyback transactions week 47 2021
