STOCKHOLM, March 9, 2020 / PRNewswire / – Sure February 21, 2020 the Extraordinary General Meeting of AB Electrolux (publ) (“Electrolux”) decided to distribute all the shares of the wholly-owned subsidiary Electrolux Professional AB (publ) (“Electrolux Professional”) to the shareholders of Electrolux. The board of directors was at the same time authorized to determine the date of registration of the distribution. The registration date is now set at March 19, 2020.
All the shares of the wholly-owned subsidiary Electrolux Professional will be distributed, whereby one (1) series A share in Electrolux will give right to one (1) series A share in Electrolux Professional and one (1) series B share in Electrolux will be entitled to one (1) series B share in Electrolux Professional. In addition to being registered as a shareholder of Electrolux on the registration date for distribution, no additional action is required on the part of shareholders to receive shares of Electrolux Professional.
Nasdaq Stockholm’s The listing committee has decided to admit the shares of Electrolux Professional of the A series and the shares of the B series to trading on the Nasdaq Stockholm subject to customary conditions, such as the approval of the prospectus by the Swedish Authority. financial supervision.
The last trading day of Electrolux shares, including the right to receive shares of Electrolux Professional, is March 17, 2020. At March 18, 2020, Electrolux shares will be traded without the right to receive Electrolux Professional shares.
The first day of trading in Electrolux Professional should be Monday March 23, 2020. Electrolux Professional Series A shares will trade under the symbol EPRO A with the ISIN code SE0013720018 and Series B shares will trade under the symbol EPRO B with the ISIN code SE0013747870.
The prospectus for admission to trading of Electrolux Professional shares should be published on March 10, 2020. The prospectus will be available on the Electrolux and Electrolux Professional websites.
Distribution and registration schedule of Electrolux Professional on Nasdaq Stockholm
March 10, 2020: Publication of the prospectus
March 11, 2020: Investor Day for Investors, Financial Analysts and Media (webcast event)
the 17th of March, 2020: Last trading day of Electrolux shares, including the right to receive shares of Electrolux Professional
March 18, 2020: Electrolux shares are traded without the right to receive Electrolux Professional shares
March 19, 2020: Record date for distribution of Electrolux Professional shares
March 23, 2020: first estimated trading day of Electrolux Professional shares
For further information, please contact:
Åsa Öhman
Electrolux Press Hotline
+ 46-8-657-65-07
This is information that AB Electrolux is required to make public under the European market abuse regulation. The information was submitted for publication, through the contact person indicated above, to 0802 CET on March 9, 2020.
This information was provided to you by Cision http://news.cision.com
https://news.cision.com/electrolux/r/distribution-and-listing-of-electrolux-professional-ab–publ-,c3054896
The following files are available for download:
SOURCE Cision AB