Ericsson resolves on an acquisition offer for C shares for LTV 2017
(Thomson Reuters ONE) -
In accordance with the resolution by the Annual General Meeting 2017, Ericsson
(NASDAQ:ERIC) expands its treasury stock in order to provide shares for the
Long-Term Variable Compensation Program (LTV) 2017 for Ericsson's executive
team.
The Board of Directors of Ericsson has resolved, by virtue of an authorization
given by the Annual General Meeting on March 29, 2017, to direct an acquisition
offer to all holders of C shares to acquire these shares. The acquisition shall
be made during the period May 14 - May 29, 2017 and 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 2017 and includes all 3,000,000 C shares which Ericsson has previously
decided to issue to Investor AB for the program. Investor AB has informed
Ericsson that it intends to accept the offer.
Once all 3,000,000 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 3,072,395,752. Ericsson currently holds 58,097,522 shares as
treasury stock.
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Ericsson is a world leader in communications technology and services with
headquarters in Stockholm, Sweden. Our organization consists of more than
111,000 experts who provide customers in 180 countries with innovative solutions
and services. Together we are building a more connected future where anyone and
any industry is empowered to reach their full potential. Net sales in 2016 were
SEK 222.6 billion (USD 24.5 billion). The Ericsson stock is listed on Nasdaq
Stockholm and on NASDAQ in New York. Read more on www.ericsson.com.
Ericsson resolves on an acquisition offer for C shares for LTV 2017:
http://hugin.info/1061/R/2101148/796584.pdf
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The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Ericsson via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 03.05.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 539903
Anzahl Zeichen: 3050
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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