In accordance with the resolution by the Annual General Meeting 2024, Ericsson (NASDAQ:ERIC) expands its treasury stock in order to provide shares for the Long-Term Variable Compensation Program LTV I 2023 for Ericsson's executive team.
The Board of Directors of Ericsson has today resolved, by virtue of authorization given by the Annual General Meeting on
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
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:
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Ericsson enables communications service providers and enterprises to capture the full value of connectivity. The company's portfolio spans the following business areas: Networks,
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