Ericsson resolves on an acquisition offer for C shares for LTV I 2023
Ericsson - American Depositary Shares each representing 1 underlying Class B share (ERIC)
Last ericsson - american depositary shares each representing 1 underlying class b share earnings: 4/22 01:48 am
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ericsson.com/en/investors
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Source: PR Newswire
STOCKHOLM, May 2, 2024 /PRNewswire/ -- In accordance with the resolution by the Annual General Meeting 2024, Ericsson (NASDAQ: ERIC) expands its treasury stock in order to provide shares for the Long-Term Variable Compensation Program LTV I 2023 for Ericsson's executive team.The Board of Directors of Ericsson has today resolved, by virtue of authorization given by the Annual General Meeting on April 3, 2024 (the "AGM 2024"), 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 27, 2024 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 Program LTV I 2023 and includes all 4.1 million C shares which the AGM 2024 resolved to issue to Investor AB for this program. Investor AB have today subscribed for all 4.1 million C shares
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ERIC
Earnings
- 4/16/24 - Beat
ERIC
Sec Filings
- 5/10/24 - Form 6-K
- 5/3/24 - Form 6-K
- 5/2/24 - Form 6-K
- ERIC's page on the SEC website