STOCKHOLM, Feb. 16,
2024 /PRNewswire/ -- Ericsson's (NASDAQ:ERIC) annual
general meeting on March 29, 2023
authorized the company's board of directors to resolve on the
transfer of the company's own shares. Under the authorization the
company may, in conjunction with the delivery of vested shares
under the long-term variable compensation programs 2019 and 2020
("LTV 2019" and "LTV 2020"), prior to the annual
general meeting in 2024, decide to retain and sell no more than 60%
of the vested shares of series B in the company in order to cover
for the costs for withholding and paying tax and social security
liabilities on behalf of the participants in relation to the
performance share awards for remittance to revenue authorities.
Ericsson has today decided to utilize the authorization to transfer
shares for these purposes.
The transfer of own shares may take place on Nasdaq Stockholm
during the period from and including February 16, 2024 up to the annual general
meeting 2024 at a price within the price interval registered from
time to time.
Ericsson currently holds 12,932,223 shares of series B in the
company and the maximum number of shares that may be transferred on
Nasdaq Stockholm pursuant to the decision to utilize the
authorization amounts to 774,889 shares of series B in the
company.
NOTES TO EDITORS:
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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
The following files are available for download:
https://mb.cision.com/Main/15448/3929722/2608974.pdf
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Ericsson to utilize
mandate to transfer shares
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SOURCE Ericsson