Notice convening the Annual General Meeting of AB Electrolux

Core Points - The Annual General Meeting (AGM) of AB Electrolux is scheduled for March 26, 2025, at 4:00 p.m. CET in Stockholm, Sweden, with registration starting at 3:00 p.m. CET [1] - Shareholders can vote by postal voting prior to the AGM, and the meeting will be available via live webcast [2] - The agenda includes the election of the Board of Directors, approval of the financial statements, and resolutions regarding share programs [14][18][27] Registration and Participation - Shareholders wishing to attend the AGM must notify the company with their identification details and any proxies [3] - Proxies must provide a written and dated authorization, and legal entities must submit a registration certificate [4][11] - Postal voting requires a specific form, which can be obtained from the company's website [7][8] Agenda Highlights - Key agenda items include the election of the Chair of the AGM, approval of the voting list, and the presentation of the Annual Report [14] - The Board of Directors proposes no dividend distribution for the fiscal year 2024, with available funds carried forward [18] - The number of Directors is proposed to be nine, with no Deputies appointed [19] Board of Directors and Fees - The Nomination Committee proposes re-elections for several Directors and the election of a new member, Yannick Fierling [22][24] - Proposed fees for the Chair of the Board are SEK 2,660,000, with other Directors receiving SEK 775,000 each [23] Share Programs - The Board proposes a performance-based long-term share program for 2025, with a maximum cost estimated at MSEK 629 [35] - The program aims to include up to 800 senior managers and key employees, with performance targets based on earnings per share and CO2 reduction [33][32] - The maximum number of Performance Shares that could be allotted is limited to 6,518,000, representing approximately 2.30% of total shares [39] Share Transfers and Equity Swap - The Board seeks authorization to transfer own shares for company acquisitions and to cover costs related to the share program for 2023 [27][29] - If the majority for share transfers is not reached, the company may enter into an equity swap agreement with a third party [42] Shareholder Information - As of the announcement date, there are 283,077,393 shares in AB Electrolux, with 12,581,075 own shares held by the company [48] - Shareholders have the right to request information regarding agenda items and the company's financial situation during the AGM [49]