The decision-making rights of shareholders in Electrolux are exercised at shareholders’ meetings. The AGM of Electrolux is held in Stockholm, Sweden, during the first half of the year.
Extraordinary General Meetings may be held at the discretion of the Board or, if requested, by the auditors or by shareholders owning at least 10% of all shares in the company.
Participation in decision-making requires the shareholder’s presence at the meeting, either personally or through a proxy. In addition, the shareholder must be registered in the share register by a stipulated date prior to the meeting and must provide notice of participation in the manner prescribed. Additional requirements for participation apply to shareholders with holdings in the form of American Depositary Receipts (ADR) or similar certificates. Holders of such certificates are advised to contact the ADR depositary bank, the fund manager or the issuer of the certificates in good time before the meeting in order to obtain additional information.
Individual shareholders requesting that a specific issue be included in the agenda of a shareholders’ meeting can normally request the Electrolux Board to do so well in advance to the meeting via an address provided on the Group’s website.
Decisions at the meeting are usually taken on the basis of a simple majority. However, as regards certain issues, the Swedish Companies Act stipulates that proposals must be approved by shareholders representing a larger number of the votes cast and the shares represented at the meeting.
The 2015 AGM was held at the Brewery Conference Centre (Sw. Münchenbryggeriet) in Stockholm, Sweden, on March 26, 2015. 1,139 shareholders representing a total of 52.9% of the share capital and 65.0% of the votes were represented at the AGM. The President’s speech was broadcasted live via the Group’s website and is also available on www.electroluxgroup.com/corporate-governance, together with the minutes. The meeting was held in Swedish, with simultaneous interpretation into English. The speech of the President was held in English and simultaneously interpreted into Swedish. All Board members, as well as the Group’s auditor in charge, were present at the meeting.
| 11 | 12 | 13 | 14 | 15 | |
| % of share capital | 49.9 | 51 | 52 | 51 | 52 |
| % of votes | 60.4 | 60.3 | 62 | 60 | 65 |
| Shareholders | 623 | 720 | 756 | 832 | 1139 |
1,139 shareholders representing a total of 52.9% of the share capital and 65.0%
of the votes were present at the 2015 AGM.
The next AGM of Electrolux will be held on Wednesday, April 6, 2016, at Stockholm Waterfront Congress Centre in Stockholm, Sweden.
For additional information on the next AGM and how to register attendance,
see page 157.