Timetable for the automatic redemption procedure in Electrolux

Rhea-AI Summary

The Extraordinary General Meeting of Electrolux on August 27, 2021, approved a total distribution of SEK 4,886 million (SEK 17.00 per share) to shareholders through an automatic redemption procedure. This includes a 2:1 share split and a reduction in share capital. Key dates include:

• October 1: Last trading day including redemption right.
• October 4: First trading day post-split.
• October 28: Payment of redemption amount.

Electrolux has also sought a listing for the redemption shares on Nasdaq Stockholm.

Positive

• Total distribution of SEK 4,886 million to shareholders enhances shareholder value.
• 2:1 share split may attract more investors and improve liquidity.

Negative

• None.

STOCKHOLM, Sept. 27, 2021 /PRNewswire/ -- 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

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

https://news.cision.com/electrolux/r/timetable-for-the-automatic-redemption-procedure-in-electrolux,c3421323

The following files are available for download:

https://mb.cision.com/Main/1853/3421323/1472930.pdf

Press Release Electrolux Share Redemption_English

View original content:https://www.prnewswire.com/news-releases/timetable-for-the-automatic-redemption-procedure-in-electrolux-301385334.html

SOURCE Electrolux

FAQ

What is the redemption amount approved by Electrolux?

Electrolux approved a redemption amount of SEK 4,886 million, which is SEK 17.00 per share.

When is the last day of trading for Electrolux shares including redemption rights?

The last day of trading for Electrolux shares including redemption rights is October 1, 2021.

What key date follows the share split for Electrolux?

The first day of trading after the share split is on October 4, 2021.

When will Electrolux pay the redemption amount to shareholders?

Electrolux will pay the redemption amount to shareholders on October 28, 2021.

Is Electrolux listing the redemption shares on the stock exchange?

Yes, Electrolux has applied for a listing of the redemption shares at Nasdaq Stockholm.