STOCKHOLM, July 11, 2022 /PRNewswire/ -- During the
period July 4 - July 8, 2022 AB
Electrolux (LEI code 549300Y3HHZB1ZGFPJ93) has repurchased in total
178,841 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)
|
04/07/2022
|
48,941
|
139.6102
|
6,832,662.80
|
05/07/2022
|
100,000
|
139.1097
|
13,910,970.00
|
06/07/2022
|
-
|
-
|
-
|
07/07/2022
|
-
|
-
|
-
|
08/07/2022
|
29,900
|
144.7120
|
4,326,888.80
|
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 July 8, 2022 amounts to
9,005,413 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-27--2022,c3599638
The following files are available for download:
https://mb.cision.com/Main/1853/3599638/1603190.pdf
|
Press release buyback
of series B shares in AB Electrolux during week 27 2022
|
https://mb.cision.com/Public/1853/3599638/ae2905e1e9f00aa6.pdf
|
Full breakdown of AB
Electrolux buyback transactions week 27 2022
|