Ericsson resolves on an acquisition offer for C shares for LTV 2012
In accordance with the resolution by the Annual General Meeting 2012, Ericsson
(NASDAQ:ERIC) expands its treasury stock in order to provide shares for the
Long-Term Variable Remuneration Program (LTV) 2012 for employees in Ericsson.
The Board of Directors of Ericsson has resolved, by virtue of an authorization
given by the Annual General Meeting on May 3, 2012, to direct an acquisition
offer to all holders of C shares to acquire these shares. Acquisition shall be
made during the period May 25 - June 13, 2012. Payment for acquired shares shall
be made in cash with SEK 5.0052 per share.
The offer is part of the financing of Ericsson's Long-Term Variable Remuneration
Program 2012 and includes all 31 700 000 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 31Â 700 000 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 3Â 043Â 295Â 752. Ericsson currently holds 58Â 338 548 shares
as treasury stock.
NOTES TO EDITORS
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FOR FURTHER INFORMATION, PLEASE CONTACT
Ericsson Corporate Public & Media Relations
Phone: +46 10 719 69 92
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E-mail: investor.relations@ericsson.com
Ericsson resolves on an acquisition offer for C shares for LTV 2012:
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