STOCKHOLM, May 3, 2024
/PRNewswire/ -- Ericsson's (NASDAQ: ERIC) annual general meeting on
April 3, 2024 authorized the company
to, in conjunction with the delivery of vested shares under the
long-term variable compensation program 2021 ("LTV 2021"),
prior to the annual general meeting in 2025, retain and sell no
more than 60% of the vested LTV 2021 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 decided to utilize the
authorization to transfer shares for these purposes.
The transfer of these shares may take place on Nasdaq Stockholm
during the period from and including May 3,
2024 up to the annual general meeting 2025 at a price within
the price interval registered from time to time.
Ericsson currently holds 12,184,543 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 345,673 shares of series B in the
company.
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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 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
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Ericsson to utilize
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SOURCE Ericsson