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AB Electrolux's Extraordinary General Meeting: Key Resolutions

On May 27, 2026, AB Electrolux convened its Extraordinary General Meeting in Stockholm, where significant decisions were made regarding its Articles of Association. This meeting was crucial for setting the company's future direction, particularly regarding its share capital structure.

Amendments to the Articles of Association

The meeting resolved, as per the Board's proposal, to modify the limits for the minimum and maximum share capital. The new stipulated share capital will be set at a minimum of SEK 3,300,000,000 and a maximum of SEK 13,100,000,000. Additionally, the amendments included changes to the minimum and maximum number of shares allowed, which will now be no less than 600,000,000 and no more than 2,400,000,000.

The adjustments allow for the issuance of shares, categorized as series A and series B, with each series capped at a maximum of 2,400,000,000 shares. These changes are intended to provide the company with greater flexibility in managing its capital structure in the financial markets.

Approval of New Share Issues

The Board of Directors had earlier proposed a new issue of shares on April 23, 2026, allowing existing shareholders preferential rights. This proposal included comprehensive terms and conditions for the rights issue, which were detailed in a separate announcement on May 21, 2026. The Extraordinary General Meeting confirmed the Board's resolution, solidifying the process for this rights issue.

The decision received robust backing from shareholders, with representations exceeding two-thirds of the votes cast and the shares present during the meeting. Notably, shares held by Investor AB were excluded from this count, as per standard practices in such resolutions. This careful approach ensured compliance with the conditions set by the Swedish Securities Council, which is pivotal in maintaining market integrity and protecting shareholder interests.

Thus, the approved resolution represents a strategic move for AB Electrolux as it navigates the complexities of capital management and growth in a competitive marketplace.

Future Disclosure and Transparency

For those interested in the specifics of this meeting and the resolutions passed, minutes will be made available by June 10, 2026. Additionally, full proposals concerning the meeting's resolutions can be accessed on the Electrolux Group's official website under the section dedicated to the Extraordinary General Meeting 2026.

For further inquiries or detailed information, the company has made several representatives available, including Ann-Sofi Jönsson, Head of Investor Relations, and Maria Åkerhielm and Henry Sjölin, both Investor Relations Managers. This initiative signifies Electrolux's commitment to transparency and efficient communication with its stakeholders.

In summary, the recent Extraordinary General Meeting of AB Electrolux marked a pivotal moment in the company's financial governance. By amending its Articles of Association and approving a significant rights issue, Electrolux positions itself strategically in the face of future challenges and opportunities in the global market.