Electrolux: Extraordinary General Meeting Has Resolved upon Redemption of Shares.STOCKHOLM, Sweden -- The Extraordinary General Meeting, which was held in Stockholm on December 12, 2006, decided in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with the Board of Directors' proposal on redemption of shares. The redemption procedure means that approx. SEK SEK In currencies, this is the abbreviation for the Swedish Krona. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 5,600 million will be distributed to Electrolux share holders, equivalent to SEK 20 per share. The decision regarding the mandatory redemption procedure includes changes to the company's Articles of Association, a share split, a reduction of the share capital by redemption of shares and restoring of the share capital through a bonus share issue. In principal the decision encompasses: The wording of the Articles of Association is changed so that the permitted range of the share capital is reduced to a minimum of SEK 750 million and a maximum of SEK 3 billion. Each Electrolux A-share and B-share will be split into two shares, A or B, of which one will be named redemption share in the register kept by VPC (1) (Virtual Processor Complex) An IBM mainframe multiprocessing system that uses several computers under tight central control. (2) See Virtual PC. (Swedish Central Security Depository security depository A centralized location in which security certificates are placed and stored for later transfer. (Transfers usually take place by book entry rather than by physical movement.) Also called depository. ). The record day at VPC for implementation of the share split and right to receive redemption shares is set to January 5, 2007. Thus, the last day of trading in the Electrolux share, including right to receive redemption shares, will be January 2, 2007. Payment is estimated to be made January 29, 2007. The company's share capital is reduced by SEK 772,300,770 through redemption of 308,920,308 shares of which 9,502,275 series A shares and 209,418,033 series B shares (after implementation of the share split). The shares that are to be redeemed re·deem tr.v. re·deemed, re·deem·ing, re·deems 1. To recover ownership of by paying a specified sum. 2. To pay off (a promissory note, for example). 3. are the shares which, after implementation of the share split are named redemption shares in the VPC system. For each redeemed share a redemption price Redemption price See: Call price redemption price 1. The price at which an open-end investment company will buy back its shares from the owners. In most cases, the redemption price is the net asset value per share. 2. of SEK 20 shall be paid in cash. The company's share capital is increased by SEK 772,300,770 by way of a bonus issue. The amount by which the share capital will be increased will be transferred to the share capital from the non-restricted equity. No new shares will be issued in connection with the bonus issue. Electrolux is a global leader in home appliances and appliances for professional use, selling more than 40 million products to customers in 150 countries every year. The company focuses on innovations that are thoughtfully designed, based on extensive consumer insight, to meet the real needs of consumers and professionals. Electrolux products include refrigerators, dishwashers, washing machines (storage) washing machine - An old-style 14-inch hard disk in a floor-standing cabinet. So called because of the size of the cabinet and the "top-loading" access to the media packs - and, of course, they were always set on "spin cycle". , vacuum cleaners vacuum cleaner, mechanical device using a draft of air to remove dust, loose dirt, or other particulate matter from dry surfaces. It is especially useful on highly textured surfaces, such as carpets and upholstery, that are difficult to clean by wiping or brushing. and cookers sold under esteemed brands such as Electrolux, AEG-Electrolux, Zanussi, Eureka and Frigidaire. In 2005, Electrolux had sales of SEK 100 billion and 57,000 employees. For more information, visit http://www.electrolux.com/press. This information was brought to you by Waymaker http://www.waymaker.net |
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