In the second conversion round 291,141,778 B-shares in Ericsson have been converted to the same number of A-shares.
Shareholders in Ericsson have in the second conversion round tendered 291,141,778 B-shares for conversion to the same number of A-shares. As a result of the second conversion round, the total number of shares in Ericsson is now 1,212,880,252 A-shares and 14,919,378,426 B-shares. A total of 556,661,612 B-shares have so far been converted to A-shares, which means that 84.83 percent of the total number of conversion rights have been exercised. The A-shares are now representing 44.8 percent of the voting rights and the B-shares 55.2 percent of the voting rights.
Only those shareholders in Ericsson that hold conversion rights, either due to their holding of A-shares or due to purchase of conversion rights, are entitled to exercise conversion rights for conversion of B-shares to A-shares. The closing date for applications for conversion is December 10, 2004. The application shall be made on a separate application form. After the expiry of the application period the conversion rights will become void and therefore have no value.
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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.