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Ericsson's annual general meeting authorized the company to transfer shares for tax and social security liabilities. The company will retain and sell 60% of vested shares under the LTV 2021 program. Ericsson holds 12,184,543 shares and may transfer up to 345,673 shares on Nasdaq Stockholm. The transfer period is from May 3, 2024, to the annual general meeting in 2025.
Ericsson, a telecommunications company, announced an acquisition offer for C shares to finance the Long-Term Variable Compensation Program LTV I 2023 for its executive team. The offer includes all 4.1 million C shares issued for the program, with Investor AB subscribing to them. Once acquired, the C shares will be converted to B shares, increasing Ericsson's total shares to 3,348,251,735. The company currently holds 12,184,543 B shares as treasury stock.
