StockNews.AI
ERIC
StockNews.AI
106 days

Ericsson resolves on an acquisition offer for C shares for the Long-Term Variable Compensation Programs LTV 2025 and LTV 2024

1. Ericsson expands treasury stock for executive compensation programs. 2. Acquisition offer for 23.1 million C shares set for May 2025. 3. SEB to accept the acquisition for financing long-term compensation. 4. Post-acquisition, shares will be converted to B shares. 5. Total shares will reach 3.37 billion post-conversion.

M&A
-0.3%Current Return
VS
-1.04%S&P 500
$8.3405/05 04:49 AM EDTEvent Start
$8.31505/06 11:14 AM EDTLatest Updated
5m saved
Insight
Article

FAQ

Why Neutral?

The share buyback for compensation is standard practice, without significant immediate market sentiment.

How important is it?

While the acquisition aligns with compensation strategies, it does not indicate major growth or risk.

Why Short Term?

The acquisition has predefined dates and effects on share structure, impacting short-term trading.

Related Companies

SEBAAPLMSFT
, /PRNewswire/ -- In accordance with the resolutions by the Annual General Meeting 2025, Ericsson (NASDAQ: ERIC) expands its treasury stock in order to provide shares for the Long-Term Variable Compensation Programs LTV 2025 and LTV 2024 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 25, 2025 (the "AGM 2025"), to direct an acquisition offer to all holders of C shares to acquire these shares. The acquisition shall be made during the period May 5 – May 19, 2025 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 2025 and LTV 2024 and includes all 23.1 million C shares which the AGM 2025 resolved to issue to Skandinaviska Enskilda Banken AB ("SEB") for these programs. SEB have today subscribed for all 23.1 million C shares and informed Ericsson that they intend to accept the acquisition offer. Once all 23.1 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 3,371,351,735, of which 261,755,983 are A shares and 3,109,595,752 are B shares. Ericsson currently holds 15,579,561 B shares as treasury stock. NOTES TO EDITORS: FOLLOW US:Subscribe to Ericsson press releasesSubscribe to Ericsson blog postshttps://x.com/ericssonhttps://www.facebook.com/ericssonhttps://www.linkedin.com/company/ericsson MORE INFORMATION AT:Ericsson Newsroom[email protected]  (+46 10 719 69 92)[email protected]  (+46 10 719 00 00) ABOUT ERICSSON: Ericsson's high-performing networks provide connectivity for billions of people every day. For nearly 150 years, we've been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com This information was brought to you by Cision http://news.cision.com https://news.cision.com/ericsson/r/ericsson-resolves-on-an-acquisition-offer-for-c-shares-for-the-long-term-variable-compensation-progr,c4144941 The following files are available for download: SOURCE Ericsson WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

Related News