Per Husqvarna web site
The Electrolux Annual General Meeting held on 24 April 2006 decided to distribute all shares in Husqvarna to the shareholders in Electrolux. The record day for the receipt of shares in Husqvarna was 12 June 2006. Trading in the Husqvarna shares started on 13 June 2006, on the O-list of the Stockholm Stock Exchange.
The last day of trading in Electrolux shares that entitle the holder to a dividend on shares in Husqvarna was June 7 2006. As of June 8 2006 the price of the Electrolux share is adjusted to reflect the fact that Husqvarna is no longer part of Electrolux.
Distribution of shares
Holders of Electrolux shares who are registered as of the record day are entitled to receive one A- or B-share in Husqvarna for every A- or B-share held in Electrolux.
Receipt of shares
Shareholders registered as of the record day in the register of shareholders in Electrolux, held by VPC AB (Swedish Central Securities Depositary & Clearing Organization), will automatically receive shares in Husqvarna without further arrangements. The shares in Husqvarna will be available in the shareholder's VPC account the day after the record day (or in VPC accounts belonging to those who, for some other reason, are entitled to the dividend). VPC will then send a notice stating the number of shares registered in the shareholders' VPC account.
Nominee shareholding
Shareholders whose holdings in Electrolux are nominee-registered with a bank or another nominee will not receive a notice from VPC. Notification will instead be given in accordance with the nominees' general procedures.
Distribution to holders of Electrolux ADRs
AB Electrolux has an American Depositary Receipt (ADR) facility in the United States. Through this facility, Electrolux ADRs representing Electrolux series B-shares currently trade on the US over-thecounter (OTC) market. The Electrolux ADR Program will continue after the distribution of Husqvarna shares, and it is currently expected that a new ADR program for Husqvarna B-shares will be established at the time of distribution.
The new Husqvarna ADR program will enable distribution of Husqvarna ADRs to existing holders of Electrolux ADRs. It is expected that the new ADRs in Husqvarna will trade on the American OTC market and carry substantially the same rights as the Electrolux ADRs. It is expected that the Bank of New York will act as ADR Depositary Bank for Husqvarna. Registered holders of Electrolux ADRs will receive new ADRs in Husqvarna AB directly from the ADR Depositary Bank, and those who hold ADRs in a broker account will have their new Husqvarna ADRs credited by their broker. The establishment of the Husqvarna ADR program is subject to Husqvarna's signing a depositary agreement with the Depositary Bank, as well as other customary conditions.
Right to dividend
Shares in Husqvarna will entitle the holders to dividends as of the financial year 2006. Payment of dividends, if any, will be implemented through the VPC, or for nominee-registered shares in accordance with the nominees' general procedures.
Prospectus
The prospectus for listing of Husqvarna AB 2006 comprises three parts, "AB Electrolux distribution of shares in Husqvarna AB and prospectus for listing of the company 2006", "Supplement to the prospectus for listing of Husqvarna AB 2006" and "Supplement to the Prospectus in view of a newly elected board member". All three parts of the prospectus should thus be read.
The prospectus and the supplements were approved and registered by the Swedish Financial Supervisory Authority on 4 April 2006, 22 May 2006 and 2 June respectively.
The three parts of the prospectus are available on this website.
