STOCKHOLM, Aug. 27, 2021 /PRNewswire/ -- Due to the risk of
the spread of COVID-19 and the authorities' regulations and advice
the Extraordinary General Meeting ("EGM") was carried out solely
through advance voting (so-called postal voting) pursuant to
temporary legislation.
The EGM resolved on an automatic share redemption procedure,
including a 2:1 share split, a reduction of the share capital by
redemption of shares, and an increase of the share capital by way
of a bonus issue. The procedure means that a total of SEK 4,886 m will be distributed to the
shareholders, which corresponds to SEK
17.00 per share.
The record date for share split and receipt of redemption shares
will be October 5, 2021. Trading in
the redemption shares is estimated to take place as from
October 6, 2021 up to October 22, 2021. The record date for receiving
the redemption amount will be October 25,
2021, whereby payment of the redemption amount is expected
to be executed by Euroclear Sweden on October 28, 2021.
Full details on the proposals adopted by the EGM can be
downloaded here.
For further information, please contact:
Electrolux Press Hotline, +46 8 657 65 07
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Pressrelease -
Bulletin from AB Electrolux Extraordinary General Meeting August 27
2021
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SOURCE Electrolux