Ericsson resolves on an acquisition offer for C shares for LTV 2016
(Thomson Reuters ONE) -
In accordance with the resolution by the Annual General Meeting 2016, Ericsson
(NASDAQ:ERIC) expands its treasury stock in order to provide shares for the
Long-Term Variable Compensation Program (LTV) 2016 for employees in Ericsson.
The Board of Directors of Ericsson has resolved, by virtue of an authorization
given by the Annual General Meeting on April 13, 2016, to direct an acquisition
offer to all holders of C shares to acquire these shares. Acquisition shall be
made during the period May 5 - May 20, 2016. Payment for acquired shares shall
be made in cash with SEK 5 per share.
The offer is part of the financing of Ericsson's Long-Term Variable Compensation
Program 2016 and includes all 26,100,000 C shares which Ericsson has previously
decided to issue to AB Industrivärden and Investor AB for the program. AB
Industrivärden and Investor AB have informed Ericsson that they intend to accept
the offer.
Once all 26,100,000 C shares have been acquired by Ericsson, the Board intends
to convert them to B shares. After the conversion, the number of B shares in
issue will amount to 3,069,395,752. Ericsson currently holds 46,002,257 shares
as treasury stock.
NOTES TO EDITORS
For media kits, backgrounders and high-resolution photos, please visit
www.ericsson.com/press
Ericsson is the driving force behind the Networked Society - a world leader in
communications technology and services. Our long-term relationships with every
major telecom operator in the world allow people, business and society to
fulfill their potential and create a more sustainable future.
Our services, software and infrastructure - especially in mobility, broadband
and the cloud - are enabling the telecom industry and other sectors to do better
business, increase efficiency, improve the user experience and capture new
opportunities.
With approximately 115,000 professionals and customers in 180 countries, we
combine global scale with technology and services leadership. We support
networks that connect more than 2.5 billion subscribers. Forty percent of the
world's mobile traffic is carried over Ericsson networks. And our investments in
research and development ensure that our solutions - and our customers - stay in
front.
Founded in 1876, Ericsson has its headquarters in Stockholm, Sweden. Net sales
in 2015 were SEK 246.9 billion (USD 29.4 billion). Ericsson is listed on NASDAQ
OMX stock exchange in Stockholm and the NASDAQ in New York.
www.ericsson.com
www.ericsson.com/news
www.twitter.com/ericssonpress
www.facebook.com/ericsson
www.youtube.com/ericsson
FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Communications
Phone: +46 10 719 69 92
E-mail: media.relations(at)ericsson.com
Ericsson Investor Relations
Phone: +46 10 719 00 00
E-mail: investor.relations(at)ericsson.com
Ericsson resolves on an acquisition offer for C shares for LTV 2016:
http://hugin.info/1061/R/2007635/742285.pdf
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Ericsson via GlobeNewswire
[HUG#2007635]
Unternehmensinformation / Kurzprofil:
Datum: 28.04.2016 - 08:30 Uhr
Sprache: Deutsch
News-ID 467125
Anzahl Zeichen: 3858
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 206 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Ericsson resolves on an acquisition offer for C shares for LTV 2016"
steht unter der journalistisch-redaktionellen Verantwortung von
Ericsson (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
