Bulletin from AB Electrolux Annual General Meeting 2013

  Bulletin from AB Electrolux Annual General Meeting 2013

Business Wire

STOCKHOLM -- March 27, 2013

Regulatory News:

The Annual General Meeting of AB Electrolux (STO:ELUXA) (STO:ELUXB) was held
on Tuesday, March26, 2013 in Stockholm, Sweden.

Marcus Wallenberg, Lorna Davis, Hasse Johansson, Ronnie Leten, Keith
McLoughlin, Fredrik Persson, Ulrika Saxon, Torben Ballegaard Sørensen and
Barbara Milian Thoralfsson, were re-elected to the Board of Directors. Bert
Nordberg was elected new Board member. Marcus Wallenberg was re-elected
Chairman of the Board. At the statutory Board meeting following the AGM,
Ronnie Leten was re-elected Deputy Chairman of the Board. The proposed
dividend of SEK 6.50 per share was adopted. The record date was set as April
2, 2013, and cash dividends are expected to be paid from Euroclear Sweden on
April 5, 2013. The parent company’s and the Group’s income statements and
balance sheets were adopted. The Board of Directors and the President were
discharged from liability for the financial year 2012. The Meeting resolved to
adopt the proposed remunerations to the Board that were communicated in the
notice convening the AGM. The proposal for remuneration guidelines for Group
Management was also approved, as well as the scope of and the principles for
Electrolux performance based, long-term share program for 2013. The Meeting
authorized the Board of Directors to resolve on acquisitions of Electrolux
B-shares up to a maximum amount of 10 per cent of all shares issued by the
company. The Board was also authorized to transfer own shares on account of
company acquisitions. These authorizations are effective during the period
until next year’s AGM. As the proposal to transfer B-shares to the
participants in the share program for 2013 was not supported by a required
majority of shareholders holding at least nine tenths of the votes cast, the
Board of Directors will, as set out in the proposal to the AGM, consider other
means to meet the delivery undertakings under the program.

Full details on the proposals adopted by the AGM can be downloaded at
www.electrolux.com/agm2013.

Electrolux is a global leader in household appliances and appliances for
professional use, selling more than 40 million products to customers in more
than 150 markets every year. The company makes thoughtfully designed,
innovative solutions based on extensive consumer research, meeting the desires
of today's consumers and professionals. Electrolux products include
refrigerators, dishwashers, washing machines, cookers, air conditioners and
small appliances such as vacuum cleaners, all sold under esteemed brands like
Electrolux, AEG, Zanussi and Frigidaire. In 2012 Electrolux had sales of SEK
110 billion and about 61,000 employees. For more information go to
http://group.electrolux.com/

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Contact:

Electrolux Press Department
+46 8657 6507
 
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