The shareholders of Electrolux AB (OM:ELUX B) authorized a share repurchase program at its Annual General Meeting on March 26, 2013. Under the program, Electrolux will repurchase up to 28,413,481 Class B shares, representing 9.19% of the shares outstanding. The repurchases may only be made at a price per share at each time within the prevailing price interval for the share. The shares may be repurchased on the NASDAQ OMX Stockholm. Repurchases will be made for cash. ... The purpose of the share repurchase program is to be able to adapt Electrolux's capital structure, thereby contributing to increased shareholder value, and to be able to use repurchased shares on account of potential company acquisitions and the company’s share related incentive programs. The share repurchase program will expire at the next Annual General Meeting in 2014. As of February 15, 2013, the company had 8,212,725 Class A-shares and 300,707,583 Class B-shares in issue and the company had 24,785,490 Class B-shares in treasury.
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