|
|
|
PRESS RELEASE
March 29, 2022 |
|
|
Transfer of treasury stock for
previously resolved LTV programs
The AGM resolved to approve the Board of Directors proposal on transfer of not more than 1.4 million B-shares on Nasdaq Stockholm prior to the AGM 2023 to cover certain expenses, mainly social security charges, which may occur in relation to previously resolved and ongoing LTV programs; LTV 2019 and
LTV 2020.
The AGM further resolved that the Company shall have the right to, in conjunction with the delivery of vested shares under LTV 2019
and LTV 2020, prior to the AGM in 2023, retain and sell no more than 60% of the vested B-shares on Nasdaq Stockholm 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. Transfer of these shares shall be made at a price within the, at each time, prevailing price interval for the share.
Shares and votes
There are in total
3,334,151,735 shares in the Company; 261,755,983 shares of series A and 3,072,395,752 shares of series B, corresponding to in total 568,995,558.2 votes. The Companys holding of treasury stock as of March 29,
2022, amounts to 4,009,306 shares of series B, corresponding to 400,930.6 votes.
NOTES TO EDITORS:
FOLLOW US:
Subscribe to Ericsson press releases
here.
www.twitter.com/ericsson
www.facebook.com/ericsson
www.linkedin.com/company/ericsson
FOR FURTHER
INFORMATION, PLEASE CONTACT:
Contact person
Peter Nyquist, Head of Investor Relations
Phone: +46 705 75 29
06
E-mail: peter.nyquist@ericsson.com
investor.relations@ericsson.com
(+46 10 719 00 00)
3 (4)