Timetable for the automatic redemption procedure in Electrolux
The Extraordinary General Meeting held on August 27, 2021 resolved to distribute a total of SEK 4,886 m (corresponding to SEK 17.00 per share) to the shareholders of Electrolux, through an automatic 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 following dates apply to the automatic redemption procedure:
| Date (2021) | Activity |
| October 1 | Last day of trading in the Electrolux share including right to receive redemption share. |
| October 4 | First day of trading in the Electrolux share following share split, excluding right to receive redemption share. |
| October 5 | Record date for share split and for receipt of redemption shares. |
| October 6 | First day of trading in redemption shares. |
| October 21 (adjusted date) |
Last day of trading in redemption shares. |
| October 25 | Record date for redemption. |
| October 28 | Payment of redemption amount. |
Electrolux has applied for a listing of the redemption shares at Nasdaq Stockholm. In connection herewith, Electrolux has adjusted the last day of trading in the redemption shares at Nasdaq Stockholm to October 21, 2021 (previously estimated to October 22, 2021). All other dates in the timetable remain unchanged.
An information brochure containing the updated timetable and further information about the redemption procedure is available at www.electroluxgroup.com/egm2021
For further information, please contact:
Sophie Arnius, Head of Investor Relations, +46 70 590 80 72
Electrolux Press Hotline, +46 8 657 65 07
Electrolux is a leading global appliance company that has shaped living for the better for more than 100 years. We reinvent taste, care and wellbeing experiences for millions of people, always striving to be at the forefront of sustainability in society through our solutions and operations. Under our brands, including Electrolux, AEG and Frigidaire, we sell approximately 60 million household products in approximately 120 markets every year. In 2020 Electrolux had sales of SEK 116 billion and employed 48,000 people around the world. For more information go to www.electroluxgroup.com