Ericsson resolves on an acquisition offer for C shares for the Long-Term Variable Compensation Programs LTV 2025 and LTV 2024

Rhea-AI Summary

Ericsson (ERIC) has announced a share acquisition offer for its Long-Term Variable Compensation Programs LTV 2025 and LTV 2024. The company will acquire 23.1 million C shares from holders during May 5-19, 2025, paying approximately SEK 5 per share. Skandinaviska Enskilda Banken AB (SEB) has subscribed for all C shares and intends to accept the acquisition offer.

After acquiring the C shares, Ericsson plans to convert them to B shares. Post-conversion, Ericsson's total shares will reach 3,371,351,735, comprising 261,755,983 A shares and 3,109,595,752 B shares. The company currently holds 15,579,561 B shares as treasury stock.

STOCKHOLM, May 5, 2025 /PRNewswire/ -- In accordance with the resolutions by the Annual General Meeting 2025, Ericsson (NASDAQ: ERIC) expands its treasury stock in order to provide shares for the Long-Term Variable Compensation Programs LTV 2025 and LTV 2024 for Ericsson's executive team and other executives.

The Board of Directors of Ericsson has today resolved, by virtue of authorizations given by the Annual General Meeting on March 25, 2025 (the "AGM 2025"), to direct an acquisition offer to all holders of C shares to acquire these shares. The acquisition shall be made during the period May 5 – May 19, 2025 and payment for acquired shares shall be made in cash with approximately SEK 5 per share (corresponding to the quota value of the Ericsson share).

The offer is part of the financing of Ericsson's Long-Term Variable Compensation Programs LTV 2025 and LTV 2024 and includes all 23.1 million C shares which the AGM 2025 resolved to issue to Skandinaviska Enskilda Banken AB ("SEB") for these programs. SEB have today subscribed for all 23.1 million C shares and informed Ericsson that they intend to accept the acquisition offer.

Once all 23.1 million C shares have been acquired by Ericsson, the Board intends to convert them to B shares. After the conversion, the total number of shares in Ericsson will amount to 3,371,351,735, of which 261,755,983 are A shares and 3,109,595,752 are B shares. Ericsson currently holds 15,579,561 B shares as treasury stock.

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Ericsson resolves on an acquisition offer for C shares for the Long-Term Variable Compensation Programs LTV 2025 and LTV 2024

 

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SOURCE Ericsson

FAQ

What is the purpose of Ericsson's (ERIC) C share acquisition in May 2025?

Ericsson is acquiring C shares to provide shares for its Long-Term Variable Compensation Programs LTV 2025 and LTV 2024 for the executive team and other executives.

How many C shares will Ericsson (ERIC) acquire in May 2025?

Ericsson will acquire 23.1 million C shares at approximately SEK 5 per share during May 5-19, 2025.

What will be Ericsson's (ERIC) total share count after the C share conversion?

After converting the C shares to B shares, Ericsson will have 3,371,351,735 total shares, including 261,755,983 A shares and 3,109,595,752 B shares.

Who is the current holder of the C shares Ericsson (ERIC) plans to acquire?

Skandinaviska Enskilda Banken AB (SEB) has subscribed for all 23.1 million C shares and has indicated their intention to accept the acquisition offer.