STOCKHOLM, Sept. 5, 2022 /PRNewswire/ -- During the
period August 29 - September 2, 2022
AB Electrolux (LEI code 549300Y3HHZB1ZGFPJ93) has repurchased in
total 895,290 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 buyback program that
was initiated on May 2, 2022 is
hereby completed as a total of 8,000,000 series B shares have
been repurchased for a total amount of SEK 1,138 million.
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)
|
29/08/2022
|
210,000
|
135.5548
|
28,466,508.00
|
30/08/2022
|
250,000
|
138.0275
|
34,506,875.00
|
31/08/2022
|
310,000
|
136.6631
|
42,365,561.00
|
01/09/2022
|
35,000
|
130.7564
|
4,576,474.00
|
02/09/2022
|
90,290
|
130.7865
|
11,808,713.09
|
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 September 2, 2022
amounts to 13,049,115 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
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The following files are available for download:
https://mb.cision.com/Main/1853/3625763/1623069.pdf
|
Press release buyback
of series B shares in AB Electrolux during week 35 2022 - buyback
program completed
|
https://mb.cision.com/Public/1853/3625763/b004c5271b1e8c84.pdf
|
Full breakdown of AB
Electrolux buyback transactions week 35 2022
|