Electrolux 2014 Annual Report Download - page 91

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Distribution of funds to shareholders
Proposed dividend
The Board of Directors proposes a dividend for  of
SEK . (.) per share, for a total dividend payment of
approximately SEK ,m (,). The proposed dividend
corresponds to approximately % () of income for the
period, excluding items affecting comparability. Monday,
March , , is proposed as record date for the dividend.
The Group’s goal is for the dividend to correspond to at
least % of income for the period, excluding items affecting
comparability. Historically, the Electrolux dividend rate has
been considerably higher than %. Electrolux has a long
tradition of high total distribution to shareholders that includes
repurchases and redemptions of shares.
Acquisition of own shares
Electrolux has previously, on the basis of authorizations by
the AGM, acquired own shares. The purpose of the repur-
chase programs has been to adapt the Group’s capital struc-
ture, thus contributing to increased shareholder value and to
use these shares to finance potential company acquisitions
and as a hedge for the company’s share-related incentive
programs.
In accordance with the proposal by the Board of Directors,
the AGM  decided to authorize the Board for the period
until the  AGM to resolve on acquisitions of shares in the
company and that the company may acquire as a maximum
so many Class B shares that, following each acquisition, the
company holds at a maximum % of all shares issued by the
company.
Proposal for a renewed mandate on acquisition
of own shares
The Board of Directors makes the assessment that it continues
to be advantageous for the company to be able to adapt the
company’s capital structure, thereby contributing to increased
shareholder value, and to continue to be able to use repur-
chased shares on account of potential company acquisitions
and the company’s share-related incentive programs.
The Board of Directors proposes that the AGM 
resolves on a renewed mandate to repurchase own shares
equivalent to the previous mandate.
As of December , , Electrolux holds ,,
Class B shares in Electrolux, corresponding to .% of the
total number of shares in the company.
Number of shares
Outstanding
A shares
Outstanding
B shares
Outstanding
shares, total
Shares held
by Electrolux
Shares held
by other
shareholders
Number of shares as of January ,  ,, ,, ,, ,, ,,
Shares alloted to senior managers under the
Performance Share Program — — — –, ,
Total number of shares as of December ,  ,, ,, ,, ,, ,,
As % of total number of shares .%
Total distribution to shareholders
SEKm
,
3,
,
,
,
1413121110090807060504
Dividend
Repurchase of shares
Redemption of shares
Electrolux distribution to shareholders include repurchases and redemp-
tions of shares as well as dividends. In , the Group’s outdoor opera-
tions, Husqvarna, were distributed to shareholders. No dividend was paid
for , as a consequence of the low income for the period and the
uncertainty in the market for .
ELECTROLUX ANNUAL REPORT 