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2022-05-09

Buybacks of series B shares in AB Electrolux during week 18, 2022

During the period May 2 - May 6, 2022 AB Electrolux (LEI code 549300Y3HHZB1ZGFPJ93) has repurchased in total 385,000 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 Weighted average Total daily
volume (number of share price per day transaction value
shares) (SEK) (SEK)
02/05/ 80,000 145.8381 11,667,048.00
2022
03/05/ 80,000 150.4299 12,034,392.00
2022
04/05/ 80,000 153.2560 12,260,480.00
2022
05/05/ 80,000 153.1825 12,254,600.00
2022
06/05/ 65,000 149.6146 9,724,949.00
2022

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 May 6, 2022 amounts to 5,434,115 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, Head of Investor Relations, +46 70 590 80 72

Rupini Bergström, Electrolux Press Hotline, +46 8 657 65 07

Författare Cision