Bulletin from AB Electrolux Annual General Meeting 2017

The Annual General Meeting of AB Electrolux was held on Thursday, March 23, 2017 in Stockholm, Sweden.

Petra Hedengran, Hasse Johansson, Ronnie Leten, Ulla Litzén, Bert Nordberg, Fredrik Persson, David Porter, Jonas Samuelson and Ulrika Saxon were re-elected to the Board of Directors. Kai Wärn was elected new Board member. Ronnie Leten was re-elected Chairman of the Board.

The proposed dividend of SEK 7.50 per share was adopted. The AGM adopted the proposal that the dividend shall be paid in two equal installments of SEK 3.75 per installment and share, the first with the record date Monday, March 27, 2017, and the second with the record date Wednesday September 27, 2017. The first installment of the dividend is expected to be paid by Euroclear Sweden AB on Thursday, March 30, 2017 and the second installment on Monday, October 2, 2017.

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 2016.

The Meeting resolved to adopt the remunerations to the Board that were proposed 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 2017.

The Meeting authorized the Board of Directors to resolve on acquisitions of Electrolux B shares up to a maximum amount of 10 percent of all shares issued by the company. The Board was also authorized to transfer own shares on account of company acquisitions and to cover costs that may arise as a result of the share program for 2015. These authorizations are effective during the period until next year’s AGM.

Full details on the proposals adopted by the AGM can be downloaded at www.electroluxgroup.com/agm2017.

For further information, please contact Electrolux Press Hotline, +46 8 657 65 07.

Electrolux is a global leader in home appliances and appliances for professional use, based on deep consumer insight. We offer thoughtfully designed, innovative and sustainable solutions, developed in close collaboration with professional users. The products include refrigerators, ovens, cookers, hobs, dishwashers, washing machines, vacuum cleaners, air conditioners and small domestic appliances. Under esteemed brands including Electrolux, AEG, Zanussi, Frigidaire and Electrolux Grand Cuisine, the Group sells more than 60 million products to customers in more than 150 markets every year. In 2016, Electrolux had sales of SEK 121 billion and 55,000 employees. For more information go to www.electroluxgroup.com