#Sweden #Stockholm #Electrolux Group #Rights Issue #Share Subscription

Electrolux Group Unveils Results of Rights Issue

In a recent announcement, Electrolux Group disclosed the preliminary outcomes of its fully underwritten rights issue, concluding on June 16, 2026. The results indicate an impressive oversubscription which reflects the strong demand from existing shareholders.

The rights issue aimed to bolster Electrolux's financial standing and was met with overwhelming interest, leading to gross proceeds of approximately SEK 9,062 million before transaction costs. Specifically, 530,010,351 shares were subscribed through the exercise of subscription rights, constituting around 98% of the offered shares. Additionally, there were 214,586,937 shares subscribed for without the exercise of these rights, equating to nearly 40% of the offered shares.

In total, the subscriptions amount to about 137.6% of the offered shares, thereby fully satisfying the issue and negating the need for additional underwriting commitments. This strong response underscores the confidence investors have in the Electrolux brand and its future trajectory.

Details of the Rights Issue

As a result of the rights issue, Electrolux’s share capital will rise significantly from SEK 1,544,601,540 to SEK 4,496,508,260. This increase involves the issuance of 540,992,636 new shares: 16,383,608 of Class A shares and 524,609,028 of Class B shares. Following the rights issue, the total number of shares in AB Electrolux will reach 824,070,029, comprising 23,777,591 Class A shares and 800,292,438 Class B shares.

Shareholders who subscribed for shares without subscription rights will receive shares based on the guidelines outlined in the company's prospectus. Notification for the allocation of these shares will be distributed around June 23, 2026. Payment for the subscribed shares must be made in accordance with the instructions provided in the transaction notes received by investors.

Key Dates and Future Prospects

The final announcement regarding the rights issue's outcomes is expected on June 22, 2026. After the conclusion of the trading session on June 29, 2026, new shares resultant from the exercise of subscription rights will be registered and commence trading on Nasdaq Stockholm from July 1, 2026. Shares subscribed without rights will also begin trading on the same date.

Morgan Stanley and SEB have been appointed as Joint Global Coordinators, while Deutsche Bank is serving as Co-Bookrunner for this rights issue. Legal advisement is being provided by Mannheimer Swartling Advokatbyrå AB concerning Swedish law and by Davis Polk Wardwell London LLP for U.S. law.

Important Note

This press release is intended solely for informational use and does not serve as an encouragement to buy or sell shares. The intended audience includes only those within jurisdictions where such communications comply with local regulations. As such, it is emphasized that electronic communications concerning this rights issue must not be distributed in areas where regulations prohibit such actions.

Shares related to this issue have not been, nor will they be, registered under the U.S. Securities Act of 1933. Hence, they may not be offered or sold in the United States unless compliant with applicable securities laws and exemptions.

Conclusion

The successful rights issue represents an essential step for Electrolux Group as it aims to enhance its capital base. The oversubscription further highlights the resilience and attractiveness of Electrolux in the eyes of investors, setting a hopeful tone for the company’s future plans and initiatives.