#Sweden #Stockholm #shareholder meeting #Electrolux #Rights Issue

Summary of the Extraordinary General Meeting Held by AB Electrolux

On May 27, 2026, AB Electrolux convened an Extraordinary General Meeting (EGM) in Stockholm to discuss and vote on significant amendments concerning the company's Articles of Association. The changes primarily aimed at adjusting the limits for share capital and the number of shares issued by the company.

Key Decisions Made

The General Meeting announced a crucial amendment to the Article of Association, where the minimum share capital was adjusted to SEK 3.3 billion while the maximum cap was set at SEK 13.1 billion. This strategic decision underscores Electrolux's commitment to maintaining robust financial health and enhancing shareholder value. Furthermore, the limits on the number of shares were also revised to a minimum of 600 million and a maximum of 2.4 billion shares. This includes provisions to issue both Series A and Series B shares, capped at the same maximum figures.

New Issue of Shares Approved

A major focus of the EGM was the approval of the Board's resolution regarding a new issue of shares, a move that had been discussed during the prior board meeting on April 23, 2026. The decision to move forward with a rights issue offers existing shareholders preferential rights, allowing them to maintain their proportional ownership amid the issuance of new shares. The comprehensive terms for this rights issue were finalized by the Board on May 21, 2026, and subsequently communicated to shareholders.

The approval for the rights issue was secured with overwhelming support from shareholders. Notably, at least two-thirds of the votes cast in the meeting backed the resolution. Shareholder votes held under Investor AB were not counted, thereby ensuring compliance with the provisions set by the Swedish Securities Council. This compliance allows for exemptions from mandatory takeover bid requirements, demonstrating responsible governance practices by the company.

Looking Ahead

As Electrolux moves forward with these amendments and the newly approved rights issue, it emphasizes its proactive approach to adapt to market conditions while enhancing financial stability. Shareholders can expect detailed minutes from the EGM, which will be made available no later than June 10, 2026. Additionally, further information, including the full proposals for the resolutions discussed, will be published on the Electrolux Group's official website.

For inquiries regarding this announcement, investors and media representatives can reach out to Ann-Sofi Jönsson, Head of Investor Relations at +46 73 025 1005, or Maria Åkerhielm, Investor Relations Manager at +46 70 796 3856, who are both ready to assist with additional queries about these significant updates.

Conclusion

The adjustments made during the Extraordinary General Meeting reflect AB Electrolux's strategic positioning within the competitive market landscape. By reinforcing its share capital framework, the company is poised to navigate upcoming challenges while capitalizing on growth opportunities.

As discussions grow around sustainability and robust shareholder value, Electrolux continues its commitment to transparency and engaged corporate governance, ensuring that stakeholders remain informed and confident in their investments.