(Información remitida por la empresa firmante)
For a description of the company’s other share related incentive programs, reference is made to the Annual Report for 2022, note 27, and the Group’s website, www.electroluxgroup.com. In addition to the programs described, no other share related incentive programs have been implemented in Electrolux. Shares and votes
As of February 17, 2023, there are in total 283,077,393 shares in the company of which 8,192,348 are series A shares, each carrying one vote, and 274,885,045 are series B shares, each carrying one-tenth of a vote, corresponding to in total 35,680,852.5 votes. As of the same date the company holds 13,049,115 own shares of series B, corresponding to 1,304,911.5 votes that may not be represented at the General Meeting.
Shareholders’ right to receive information
The Board of Directors and the President and CEO shall, if any shareholder so requests and the Board of Directors believes that it can be done without material harm to the company, at the Annual General Meeting, provide information regarding circumstances that may affect the assessment of an item on the agenda and circumstances that may affect the assessment of the company’s or its subsidiaries’ financial situation and the company’s relation to other companies within the Group. Shareholders wishing to submit questions in advance may send them to AB Electrolux (publ), General Counsel, SE-105 45 Stockholm, Sweden or by e-mail at agm@electrolux.com.
Processing of personal data
For information on how your personal data is processed, see https://www.euroclear.com/dam/ESw/Legal/Privacy-notice-bolagsstammor-engelska.pdf
Documents
The Board of Directors’ complete proposals are set out above. Information about persons proposed as members of the Board of Directors of Electrolux, information about proposed Auditor and the Nomination Committee’s statement etc., can be found on the Group’s website, www.electroluxgroup.com/agm2023. The Annual Report, the Auditor’s Report, the Auditor’s statement pursuant to Chapter 8, Section 54 of the Swedish Companies Act regarding the remuneration guidelines for the group management, the Remuneration Report pursuant to Chapter 8, Section 53 a of the Swedish Companies Act, and the Board of Directors’ statement pursuant to Chapter 19, Section 22 of the Swedish Companies Act relating to the proposal under item 16 a) above will be available at the company, AB Electrolux, S:t Göransgatan 143, SE-105 45 Stockholm, Sweden and on the Group’s website, www.electroluxgroup.com/agm2023, no later than March 8, 2023. The documents will also be sent to shareholders who so request and state their address.
Stockholm in February 2023
AB Electrolux (publ)
THE BOARD OF DIRECTORS
1 With a possibility for the Board of Directors to make adjustments for extraordinary events such as bonus issue, split, rights issue and/or other similar events.
2 Earnings per share as defined in the financial statements on a cumulative basis during the entire performance period (with a possibility for the Board of Directors to make adjustments for extraordinary events).
3 The CO reduction target refers to greenhouse gas reductions within the following three areas: (i) operations, (ii) transportation and (iii) energy from product use, with the relative weight of the three areas being 25 per cent for each of area (i) and (ii) and 50 per cent for area (iii). The target will be measured on selected predefined product categories and regions.
4 The relative total shareholder return target refers to Electrolux Group’s total shareholder return (TSR) (share price appreciation added by sum of all dividends received during the performance period) performance versus the FTSE EMEA Consumer Discretionary index during 2023-2025. If Electrolux TSR is at or below the lower quartile of the index, a multiplier of 0.75 will apply. If TSR is at or above the upper quartile, a multiplier of 1.25 will apply. If TSR is below the upper quartile but exceeds the lower quartile a proportionate multiplier between 0.75 and 1.25 will apply. The Board of Directors will have the possibility to make adjustments for extraordinary events such as a change of the composition of the index during the performance period.
5 With a possibility for the Board of Directors to make adjustments for extraordinary events such as bonus issue, split, rights issue and/or other similar events.
For further information, please contact:
Electrolux Group Press Hotline, +46 8 657 65 07
The following files are available for download:
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