STOCKHOLM--(BUSINESS WIRE)--Regulatory News:
According to the company’s articles of association, owners of Class A shares have the right to have such shares converted to Class B shares. Conversion reduces the total number of votes in the company. When such a conversion has occurred, the company is obligated by law to disclose any such changes.
In October 2013, at the request of shareholders, 20,186 Class A shares were converted to Class B shares. The total number of votes thereafter amounts to 38,265,316. The total number of registered shares in the company amounts to 308,920,308 shares of which 8,192,539 are Class A shares and 300,727,769 are Class B shares.
Electrolux is a global leader in household appliances and appliances for professional use, selling more than 50 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/
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 October 31, 2013.
This information was brought to you by Cision http://news.cision.com