REG - Telefon AB Ericsson - New number of shares and votes in Ericsson

Telefonaktiebolaget LM EricssonAnnouncement

31/05/2023 10:00

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RNS Number : 1680B  Telefonaktiebolaget Lm Ericsson  31 May 2023

New number of shares and votes in Telefonaktiebolaget LM Ericsson

The total number of shares in Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) as
of May 31, 2023, amounts to 3,344,151,735, of which 261,755,983 are A shares
and 3,082,395,752 are B shares. The total number of votes is 569,995,558.2, of
which the A shares represent 261,755,983 votes and the B shares represent
308,239,575.2 votes.

The increase in the number of shares and votes is a result of the company's
issue of 10 million C shares completed in May 2023. The C shares have
subsequently been repurchased by the company and converted into B shares by
virtue of a conversion clause in the articles of association. This is in
accordance with the resolution by the AGM 2023 to expand the treasury stock as
part of the financing of the Long-Term Variable Compensation Programs LTV II
2023, LTV 2022 and LTV 2021 for the company's executive team and other
executives. The company currently holds 14,009,306 B shares as treasury stock.

NOTES TO EDITORS:

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MORE INFORMATION AT:

Ericsson Newsroom (https://www.ericsson.com/en/newsroom)

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)

This information is information that Telefonaktiebolaget LM Ericsson is
obliged to make public pursuant to the Swedish Financial Instruments Trading
Act. The information was submitted for publication at 08.00 CEST on May 31,
2023.

 

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