Long - Term Variable Compensation Programs
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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
Prnewswireยท 2025-05-05 08:38
Core Viewpoint - Ericsson is expanding its treasury stock to provide shares for its Long-Term Variable Compensation Programs LTV 2025 and LTV 2024 for its executive team and other executives [1] Group 1: Acquisition Offer - The Board of Directors of Ericsson has resolved to make an acquisition offer to all holders of C shares, which will be conducted from May 5 to May 19, 2025, at approximately SEK 5 per share [2] - This acquisition is part of the financing for the Long-Term Variable Compensation Programs LTV 2025 and LTV 2024, involving all 23.1 million C shares that were resolved to be issued to Skandinaviska Enskilda Banken AB (SEB) [3] Group 2: Share Conversion - Once the acquisition of the 23.1 million C shares is completed, the Board intends to convert them into B shares, resulting in a total of 3,371,351,735 shares in Ericsson, including 261,755,983 A shares and 3,109,595,752 B shares [4]