Increase in total number of shares and votes in Telefonaktiebolaget LM Ericsson
May 31 2017 - 2:00AM
Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC)
confirms that as of May 31, 2017, the company's share capital
amounts to SEK 16,670,758,678 and the total number of shares is
3,334,151,735; of which 261,755,983 are shares of series A and
3,072,395,752 are shares of series B. The total number of votes is
568,995,558.2, of which the series A shares represent 261,755,983
votes and the series B shares represent 307,239,575.2 votes.
The increase in the number of shares and votes is
a result of the company's recent issue of 3,000,000 shares of
series C, shares which have subsequently been repurchased by the
company and converted into shares of series B, by virtue of a
conversion clause in the articles of association. This is in
accordance with the resolution by the Annual General Meeting 2017
to expand the treasury stock as part of the financing of Ericsson's
Long-Term Variable Compensation Program (LTV) 2017. The company
currently holds 58,382,336 shares as treasury stock.
NOTES TO
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Ericsson is a world leader in
communications technology and services with headquarters in
Stockholm, Sweden. Our organization consists of more than 111,000
experts who provide customers in 180 countries with innovative
solutions and services. Together we are building a more connected
future where anyone and any industry is empowered to reach their
full potential. Net sales in 2016 were SEK 222.6 billion (USD 24.5
billion). The Ericsson stock is listed on Nasdaq Stockholm and on
NASDAQ in New York. Read more
on 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 CET on May 31 2017.
Increase in total number of shares
and votes in Ericsson
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Ericsson via Globenewswire
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