Ericsson resolves on an acquisition offer for C shares for LTV I 2023

The offer is part of the financing of Ericsson's Long-Term Variable Compensation Program LTV I 2023 and includes all 4.1 million C shares which the AGM 2024 resolved to issue to Investor AB for this program. Investor AB have today subscribed for all 4.1 million C shares and informed Ericsson that they intend to accept the acquisition offer. The offer is part of the financing of Ericsson's Long-Term Variable Compensation Program LTV I 2023 and includes all 4.1 million C shares which the AGM 2024...

STOCKHOLM, 02/05/2024 (informazione.it - comunicati stampa - telecomunicazioni)

Once all 4.1 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 3,348,251,735, of which 261,755,983 are A shares and 3,086,495,752 are B shares. Ericsson currently holds 12,184,543 B shares as treasury stock.

NOTES TO EDITORS:

Subscribe to Ericsson press releases here
Subscribe to Ericsson blog posts here
https://twitter.com/ericsson
https://www.facebook.com/ericsson
https://www.linkedin.com/company/ericsson

MORE INFORMATION AT:
Ericsson Newsroom
[email protected] (+46 10 719 69 92)
[email protected] (+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 and Global Communications Platform. 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

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/ericsson/r/ericsson-resolves-on-an-acquisition-offer-for-c-shares-for-ltv-i-2023,c3972138

The following files are available for download:

View original content:https://www.prnewswire.co.uk/news-releases/ericsson-resolves-on-an-acquisition-offer-for-c-shares-for-ltv-i-2023-302134586.html