STOCKHOLM, August 8, 2022 /PRNewswire/ — Between August 1 and August 5, 2022, AB Electrolux (LEI code 549300Y3HHZB1ZGFPJ93) successfully repurchased a total of 176,638 of its own series B shares (ISIN: SE0016589188) as part of an ongoing buyback initiative. This program was initiated by the Board of Directors to enhance the company’s capital structure.

The current share buybacks are part of a broader program that allows for the repurchase of up to 8,000,000 series B shares, with a maximum expenditure cap of SEK 1,250 million. This buyback initiative was first announced on April 29, 2022. The program is scheduled to run from May 2, 2022, until October 21, 2022, and is being executed in compliance with the Market Abuse Regulation (EU) No 596/2014 (“MAR”) and the Commission Delegated Regulation 2016/1052 (the “Safe Harbour Regulation”).

The primary goal of these share buybacks is to optimize Electrolux’s capital structure, with plans to reduce the company’s share capital through subsequent cancellations of the repurchased shares.