#Sweden #Stockholm #Shareholder #Electrolux #Annual General Meeting

Notice of the Annual General Meeting of AB Electrolux

On February 14, 2025, AB Electrolux (publ) announced the convening of its Annual General Meeting (AGM), scheduled for March 26, 2025. This important event for shareholders will take place at 4:00 PM CET at Bio Skandia, Drottninggatan 82, Stockholm, Sweden. Attendees will be able to register starting at 3:00 PM CET. Notably, the AGM will be accessible via live webcast through the Electrolux Group's official website.

Key Registration and Voting Details

To participate in person or by proxy, shareholders must be recorded in the share register prepared by Euroclear Sweden AB as of March 18, 2025. Notice of participation should be submitted by March 20, 2025, through designated channels including telephone, post, or the Euroclear website. For those who cannot attend in person, postal voting is an option, allowing for the exercise of voting rights before the AGM.

The comprehensive guidelines for registration and voting can be found on the Electrolux AGM website. It’s essential for participating shareholders to be aware that proxy forms are also available online and by company request.

Agenda Highlights

The agenda for the AGM includes crucial elements such as:

• - Election of the Chair of the Meeting
• - Approval of the voting list
• - Examination and approval of the annual financial reports
• - Discharge of the Board and Executive Officers from liability for the past fiscal year
• - Election of directors, including several re-elections and the appointment of a new director

Additionally, shareholders will vote on crucial matters regarding the company’s profit distribution for 2024, the number of board members, and remuneration schedules.

Notable Directorship Changes

In the election of the board, several key figures are set for re-election, including Geert Follens and Torbjörn Lööf, who is proposed for re-election as Chair of the Board. A significant addition is Yannick Fierling, nominated as a new director.

Incentive Programs and Future Considerations

A portion of the meeting will center on Electrolux's long-term share program, particularly for 2025, aimed at incentivizing performance among senior management. This incentive program outlines performance criteria that are tied to the company’s overall financial health and sustainability targets. Stakeholders will have the opportunity to deliberate the proposed terms of this program, including share allocations based on the attainment of specified performance metrics.

Shareholder Rights

Shareholders retain the right to inquire about agenda items or the company's financial status at the AGM. Any such questions should be forwarded in advance, ensuring adherence to company protocols.

Conclusion

The announcement of the Annual General Meeting by Electrolux highlights a commitment to transparency and engagement with its shareholders. As the AGM approaches, participants are encouraged to review the company’s performance reports and the proposed agenda to actively partake in the decision-making process that shapes the future of the Electrolux Group.

For additional details, shareholder materials, and performance reports, please refer to the Electrolux AGM webpage before the scheduled meeting date.