Ericsson to utilize mandate to transfer shares

Rhea-AI Summary

Ericsson (NASDAQ: ERIC) has announced its decision to utilize the authorization granted at its March 25, 2025 annual general meeting to transfer shares related to its long-term variable compensation program 2022 (LTV 2022). The company is authorized to retain and sell up to 60% of the vested LTV 2022 series B shares before the 2026 annual general meeting to cover tax and social security liabilities for program participants.

The share transfer will take place on Nasdaq Stockholm from May 19, 2025 until the 2026 annual general meeting at prevailing market prices. Ericsson currently holds 38,390,417 series B shares, with a maximum of 368,692 shares eligible for transfer under this authorization.

STOCKHOLM, May 19, 2025 /PRNewswire/ -- Ericsson's (NASDAQ: ERIC) annual general meeting on March 25, 2025 authorized the company to, in conjunction with the delivery of vested shares under the long-term variable compensation program 2022 ("LTV 2022"), prior to the annual general meeting in 2026, retain and sell no more than 60% of the vested LTV 2022 shares of series B in the company.

This is made in order to cover for the costs for withholding and paying tax and social security liabilities on behalf of the participants in relation to the performance share awards for remittance to revenue authorities. Ericsson has decided to utilize the authorization to transfer shares for these purposes.

The transfer of these shares may take place on Nasdaq Stockholm during the period from and including May 19, 2025 up to the annual general meeting 2026 at a price within the price interval registered from time to time.

Ericsson currently holds 38,390,417 shares of series B in the company and the maximum number of shares that may be transferred on Nasdaq Stockholm pursuant to the decision to utilize the authorization amounts to 368,692 shares of series B in the company.

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Ericsson's high-performing networks provide connectivity for billions of people every day. For nearly 150 years, we've been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com

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Ericsson to utilize mandate to transfer shares

 

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SOURCE Ericsson

FAQ

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

Ericsson's share transfer authorization is to cover tax and social security liabilities for participants in the LTV 2022 compensation program by selling up to 60% of vested series B shares.

How many shares is Ericsson (ERIC) authorized to transfer on Nasdaq Stockholm in 2025?

Ericsson is authorized to transfer a maximum of 368,692 series B shares out of its current holding of 38,390,417 shares.

When will Ericsson's (ERIC) share transfer take place?

The share transfer will occur on Nasdaq Stockholm from May 19, 2025, until the 2026 annual general meeting at prevailing market prices.

What was decided at Ericsson's (ERIC) March 2025 annual general meeting regarding share transfers?

The annual general meeting authorized Ericsson to retain and sell up to 60% of vested LTV 2022 series B shares before the 2026 annual general meeting for tax-related purposes.