REG - Telefon AB Ericsson - Ericsson to utilize mandate to transfer shares

Telefonaktiebolaget LM EricssonAnnouncement

16/02/2024 08:30

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RNS Number : 4336D  Telefonaktiebolaget Lm Ericsson  16 February 2024

Ericsson to utilize mandate to transfer shares

Ericsson's (NASDAQ:ERIC) annual general meeting on March 29, 2023 authorized
the company's board of directors to resolve on the transfer of the company's
own shares. Under the authorization the company may, in conjunction with the
delivery of vested shares under the long-term variable compensation programs
2019 and 2020 ("LTV 2019" and "LTV 2020"), prior to the annual general meeting
in 2024, decide to retain and sell no more than 60% of the vested shares of
series B in the company 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 today decided to utilize the authorization to
transfer shares for these purposes.

 

The transfer of own shares may take place on Nasdaq Stockholm during the
period from and including February 16, 2024 up to the annual general meeting
2024 at a price within the price interval registered from time to time.

 

Ericsson currently holds 12,932,223 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 774,889 shares of
series B in the company.

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MORE INFORMATION AT:

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media.relations@ericsson.com  (+46 10 719 69 92)

investor.relations@ericsson.com  (+46 10 719 00 00)

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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