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0O86 Telefonaktiebolaget Lm Ericsson (publ)

68.60
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Telefonaktiebolaget Lm Ericsson (publ) LSE:0O86 London Ordinary Share SE0000108649 ERICSSON A ORD SHS
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 68.60 674 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Tele & Telegraph Apparatus 263.35B -26.45B -7.9081 -0.63 16.79B

Ericsson resolves on an acquisition offer for C shares for LTV II 2023, LTV 2022 and LTV 2021

02/05/2023 2:20pm

PR Newswire (US)


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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 11May 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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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

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https://mb.cision.com/Main/15448/3761545/2025382.pdf

Ericsson resolves on an acquisition offer for C shares for LTV II 2023, LTV 2022 and LTV 2021

Cision View original content:https://www.prnewswire.co.uk/news-releases/ericsson-resolves-on-an-acquisition-offer-for-c-shares-for-ltv-ii-2023-ltv-2022-and-ltv-2021-301813237.html

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