STOCKHOLM–(BUSINESS WIRE)–The Annual General Meeting of AB Electrolux (STO:ELUXA)(STO:ELUXB) was
held on Wednesday, April 6, 2016 in Stockholm, Sweden.
Petra Hedengran, Hasse Johansson, Ronnie Leten, Bert Nordberg, Fredrik
Persson and Ulrika Saxon, were re-elected to the Board of Directors.
Ulla Litzén, David Porter and Jonas Samuelson were elected new Board
members. Ronnie Leten was re-elected Chairman of the Board.
The proposed dividend of SEK 6.50 per share was adopted. The record date
was set as April 8, 2016, and cash dividends are expected to be paid
from Euroclear Sweden on April 13, 2016.
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 2015.
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 2016.
The Meeting authorized the Board of Directors to resolve on acquisitions
of Electrolux B shares up to a maximum amount of 10 percent of all
shares issued by the company. The Board was also authorized to transfer
own shares on account of company acquisitions and to cover costs that
may arise as a result of the share program for 2014. These
authorizations are effective during the period until next year’s AGM.
Full details on the proposals adopted by the AGM can be downloaded at www.electroluxgroup.com/AGM2016.
Electrolux is a global leader in home appliances and appliances for
professional use, based on deep consumer insight. We offer thoughtfully
designed, innovative and sustainable solutions, developed in close
collaboration with professional users. The products include
refrigerators, ovens, cookers, hobs, dishwashers, washing machines,
vacuum cleaners, air conditioners and small domestic appliances. Under
esteemed brands including Electrolux, AEG, Zanussi, Frigidaire and
Electrolux Grand Cuisine, the Group sells more than 60 million products
to customers in more than 150 markets every year. In 2015, Electrolux
had sales of SEK 124 billion and 58,000 employees. For more information
go to www.electroluxgroup.com
Electrolux discloses the information provided herein pursuant to the
Securities Market Act and/or the Financial Instruments Trading Act. The
information was submitted for publication at 08.00 CET on April 7, 2016.
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