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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