STOCKHOLM, May 2, 2023
/PRNewswire/ -- In accordance with the resolutions by the
Annual General Meeting 2023, Ericsson (NASDAQ:ERIC) expands its
treasury stock in order to provide shares for the Long-Term
Variable Compensation Programs LTV II 2023, LTV 2022 and LTV 2021
for Ericsson's executive team and other executives.
The Board of Directors of Ericsson has today resolved, by virtue
of authorizations given by the Annual General Meeting on
March 29, 2023 (the "AGM 2023"), to
direct an acquisition offer to all holders of C shares to acquire
these shares. The acquisition shall be made during the period
May 11 – May
25, 2023 and payment for acquired shares shall be made in
cash with approximately SEK 5 per
share (corresponding to the quota value of the Ericsson share).
The offer is part of the financing of Ericsson's Long-Term
Variable Compensation Programs LTV II 2023, LTV 2022 and LTV 2021
and includes all 10 million C shares which the AGM 2023 resolved to
issue to Investor AB for these programs. Investor AB have today
subscribed for all 10 million C shares and informed Ericsson that
they intend to accept the acquisition offer.
Once all 10 million C shares have been acquired by Ericsson, the
Board intends to convert them to B shares. After the conversion,
the total number of shares in Ericsson will amount to
3,344,151,735, of which 261,755,983 are A shares and 3,082,395,752
are B shares. Ericsson currently holds 4,009,306 B shares as treasury stock.
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MORE INFORMATION AT:
Ericsson Newsroom
media.relations@ericsson.com (+46 10 719 69 92)
investor.relations@ericsson.com (+46 10 719 00 00)
ABOUT ERICSSON:
Ericsson enables communications service providers and enterprises
to capture the full value of connectivity. The company's portfolio
spans the following business areas: Networks, Cloud Software and
Services, Enterprise Wireless Solutions, Global Communications
Platform, and Technologies and New Businesses. It is designed to
help our customers go digital, increase efficiency and find new
revenue streams. Ericsson's innovation investments have delivered
the benefits of mobility and mobile broadband to billions of people
globally. Ericsson stock is listed on Nasdaq Stockholm and on
Nasdaq New York. www.ericsson.com
The following files are available for download:
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https://mb.cision.com/Main/15448/3761545/2025382.pdf
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Ericsson resolves on an
acquisition offer for C shares for LTV II 2023, LTV 2022 and LTV
2021
|
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SOURCE Ericsson