Notice of ABB’s Extraordinary General Meeting on September 7, 2022

Rhea-AI Summary

ABB has announced an Extraordinary General Meeting (EGM) scheduled for September 7, 2022, regarding the proposed spin-off of its Accelleron turbocharging business. The meeting will start at 10:30 am and will primarily be conducted in German, with English translation available. Voting results will be published shortly after the meeting on ABB's website. ABB aims to enhance its operational structure through this spin-off, which aligns with its strategy to drive performance and innovation.

Positive

• ABB is conducting a spin-off of its Accelleron turbocharging business, which could unlock new value and focus for the company.
• The EGM provides a platform for shareholder engagement and decision-making regarding strategic business moves.

Negative

• None.

ZURICH--(BUSINESS WIRE)-- ABB today published the invitation to its Extraordinary General Meeting (EGM) in relation to the proposed spin-off of its Accelleron turbocharging business, which will be held on Wednesday, September 7, 2022. The invitation can be found attached and at go.abb/egm.

The EGM will be broadcast live under go.abb/egm, starting at 10:30 am and will be conducted primarily in German. Translation into English will be available.

The voting results will be published on go.abb/egm shortly after the EGM.

ABB (ABBN: SIX Swiss Ex) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 105,000 talented employees in over 100 countries. www.abb.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20220721005887/en/

ABB Ltd

Affolternstrasse 44

8050 Zurich

Switzerland



Media Relations

Phone: +41 43 317 71 11

Email: media.relations@ch.abb.com



Investor Relations

Phone: +41 43 317 71 11

Email: investor.relations@ch.abb.com

Source: ABB

FAQ

What is the date of ABB's Extraordinary General Meeting regarding the Accelleron spin-off?

The EGM is scheduled for September 7, 2022.

What time will the ABB EGM take place?

The EGM will start at 10:30 am.

In what language will the ABB EGM be conducted?

The EGM will primarily be conducted in German, with English translation available.

Where can I find the voting results for ABB's EGM?

The voting results will be published shortly after the EGM on ABB's website.