Bulletin from AB Electrolux Annual General Meeting 2012
The Annual General Meeting of AB Electrolux was held on Tuesday, March 27, 2012, in Stockholm.
Marcus Wallenberg, Lorna Davis, Hasse Johansson, Keith McLoughlin, Ulrika Saxon, Torben Ballegaard Sørensen and Barbara Milian Thoralfsson were re-elected to the Board of Directors. Ronnie Leten and Fredrik Persson were elected new Board members. Marcus Wallenberg was re-elected Chairman of the Board. At the statutory Board meeting following the AGM, Ronnie Leten was elected Deputy Chairman of the Board.
The proposed dividend of SEK 6.50 per share was adopted. The record date was set as March 30, 2012, and cash dividends are expected to be paid from Euroclear Sweden on April 4, 2012.
The parent company’s and the Group’s income statements and balance sheets were adopted. The Board of Directors and the President were discharged from liability for the financial year 2011.
The Meeting resolved to adopt the proposed remunerations to the Board that were communicated in the notice convening the AGM. The proposal for remuneration guidelines for Group Management was also approved, as well as the scope of and the principles for Electrolux performance based, long-term share program for 2012.
The Meeting authorized the Board of Directors to resolve on acquisitions of Electrolux B-shares up to a maximum amount of 10 per cent of all shares issued by the company. The Board was also authorized to transfer own shares on account of company acquisitions. These authorizations are effective during the period until next year’s AGM. Moreover, the Meeting decided that the Group may transfer B-shares to the participants in the share program for 2012, according to the conditions communicated in the notice convening the AGM.
Full details on the proposals adopted by the AGM can be downloaded at www.electrolux.com/agm2012 .
Electrolux is a global leader in household appliances and appliances for professional use, selling more than 40 million products to customers in more than 150 markets every year. The company makes thoughtfully designed, innovative solutions based on extensive consumer research, meeting the desires of today's consumers and professionals. Electrolux products include refrigerators, dishwashers, washing machines, cookers, air conditioners and small appliances such as vacuum cleaners, all sold under esteemed brands like Electrolux, AEG, Eureka and Frigidaire. In 2011 Electrolux had sales of SEK 102 billion and 58,000 employees. For more information go to www.electrolux.com/press and www.electrolux.com/news .
For further information, contact Electrolux Press Hotline, +46 8 657 65 07.
Electrolux may be required to disclose the information provided herein pursuant to the Securities Market Act. The information was submitted for publication at 21.00 CET on March 27, 2012.