AB Electrolux (STO:ELUXA) (STO:ELUXB) (LSE:ELXB) B-share will be delisted from the Official List of the UK Listing Authority, UKLA, and the London Stock Exchange, LSE, effective of March 11, 2010. On December 16 last year, Electrolux communicated that the Board of Directors had decided to apply for such a delisting.
The Electrolux B-share has been listed on the LSE since 1928. The LSE listing has been a part in a strategy to increase international ownership in Electrolux. However, this listing is no longer deemed necessary due to deregulation of international capital markets and the increased foreign ownership of shares on Nasdaq OMX Stockholm. In recent years, trading of Electrolux shares on the LSE has been limited.
Following the delisting, all trading in Electrolux shares will be concentrated to Nasdaq OMX Nordic Market in Stockholm. Electrolux has also exited its other international listings in recent years, including those of Paris, Zürich and Geneva as well as New York's Nasdaq.
About the Electrolux Group
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, vacuum cleaners and cookers sold under esteemed brands such as Electrolux, AEG-Electrolux, Eureka and Frigidaire. In 2009, Electrolux had sales of SEK 109 billion and 51,000 employees. For more information, visit http://www.electrolux.com/press
Electrolux may be required to disclose the information provided herein pursuant to the Securities Market Act.
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