Positive statement from the Swedish Securities Council regarding the proposal of the work group to change the voting rights in Ericsson
The Swedish Securities Council (Aktiemarknadsnämnden) is of the opinion that the work group's proposal is not in conflict with good practice on the Swedish securities market and the proposal is assumed to be of advantage to the company and is thereby in the interest of all shareholders.The proposal was made public on February 19, 2004, and has been prepared by a Work Group consisting of shareholder representatives led by the Chairman of Ericsson, Michael Treschow. The proposal principally states that the difference in voting rights between the A- and the B-share is changed from 1000:1 to 10: