Cookie Consent by Free Privacy Policy website Buybacks of series B shares in AB Electrolux during week 51, 2021
dicembre 29, 2021 - Electrolux

Buybacks of series B shares in AB Electrolux during week 51, 2021

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Stockholm, Sweden, December 27, 2021

During the period December 20 – December 23, 2021 AB #electrolux (LEI code 549300Y3HHZB1ZGFPJ93) has repurchased in total 342,312 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:

DateAggregated daily volume (number of shares)Weighted average share price per day (SEK)Total daily transaction value (SEK)
20/12/202185,578208.193917,816,817.57
21/12/202185,578210.337018,000,219.79
22/12/202185,578209.799317,954,204.50
23/12/202185,578213.250318,249,534.17

All acquisitions have been carried out on Nasdaq Stockholm by Exane BNP Paribas on behalf of AB Electrolux. Following the above acquisitions, AB #electrolux holding of own shares as of December 23, 2021 amounts to 25,500,603 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.