REG - Telefon AB Ericsson - Ericsson resolves acquisition offer for C shares

Telefonaktiebolaget LM EricssonAnnouncement

02/05/2023 15:45

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RNS Number : 1627Y  Telefonaktiebolaget Lm Ericsson  02 May 2023

Ericsson resolves on an acquisition offer for C shares for LTV II 2023, LTV
2022 and LTV 2021

In accordance with the resolutions by the Annual General Meeting 2023,
Ericsson (NASDAQ:ERIC) expands its treasury stock in order to provide shares
for the Long-Term Variable Compensation Programs LTV II 2023, LTV 2022 and LTV
2021 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 29, 2023 (the "AGM
2023"), to direct an acquisition offer to all holders of C shares to acquire
these shares. The acquisition shall be made during the period May 11 - May 25,
2023 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 II 2023, LTV 2022 and LTV 2021 and includes all 10
million C shares which the AGM 2023 resolved to issue to Investor AB for these
programs. Investor AB have today subscribed for all 10 million C shares and
informed Ericsson that they intend to accept the acquisition offer.

Once all 10 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 3,344,151,735, of which 261,755,983 are A shares
and 3,082,395,752 are B shares. Ericsson currently holds 4,009,306 B shares as
treasury stock.

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ABOUT ERICSSON:

Ericsson enables communications service providers and enterprises to capture
the full value of connectivity. The company's portfolio spans the following
business areas: Networks, Cloud Software and Services, Enterprise Wireless
Solutions, Global Communications Platform, and Technologies and New
Businesses. It is designed to help our customers go digital, increase
efficiency and find new revenue streams. Ericsson's innovation investments
have delivered the benefits of mobility and mobile broadband to billions of
people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq
New York. www.ericsson.com (http://www.ericsson.com)

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