Conversion of shares in Electrolux

Rhea-AI Summary

Electrolux announced the conversion of 41 Series A shares to Series B shares in September 2021, as requested by shareholders. This conversion led to a total voting power of 38,265,279 votes in the company. Currently, Electrolux has 308,920,308 registered shares, consisting of 8,192,498 Series A shares and 300,727,810 Series B shares. This process reduces the total number of votes within the company, which is significant for shareholders concerned about voting power.

Positive

• Successful conversion of 41 Series A shares to Series B shares.
• Total voting power is now 38,265,279 votes.

Negative

• Conversion reduces the voting influence of Series A shareholders.

STOCKHOLM, Sept. 30, 2021 /PRNewswire/ -- According to AB Electrolux articles of association, owners of Series A shares are entitled to request that such shares are converted to Series B shares. Conversion reduces the total number of votes in the company.

During September 2021, 41 Series A shares were at the request of shareholders converted to Series B shares, following which the total number of votes in the company amounts to 38,265,279.

The total number of registered shares in the company amounts to 308,920,308 shares, of which 8,192,498 are Series A shares and 300,727,810 are Series B shares.

CONTACT:

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

This is information that AB Electrolux is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication at 11.00 CET on September 30, 2021

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/electrolux/r/conversion-of-shares-in-electrolux,c3424335

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https://mb.cision.com/Main/1853/3424335/1475329.pdf

Press release Conversion of Shares

View original content:https://www.prnewswire.com/news-releases/conversion-of-shares-in-electrolux-301388696.html

SOURCE Electrolux

FAQ

What was the recent share conversion event in Electrolux?

In September 2021, 41 Series A shares were converted to Series B shares upon shareholder requests.

What is the new total number of votes in Electrolux?

The total number of votes in Electrolux is now 38,265,279.

How many total shares does Electrolux have after the conversion?

Electrolux has a total of 308,920,308 registered shares.

What impact does the conversion have on Electrolux shareholders?

The conversion reduces the voting power of Series A shareholders, potentially impacting their influence.