The Board of Ericsson decides about a directed offer for the Stock Purchase Plan 2003
In accordance with previous decisions at the AGM Ericsson expands its treasury stock in order to provide shares to the Stock Purchase Plan 2003 for employees.
The Board of Telefonaktiebolaget LM Ericsson has today decided, in accordance with an authorization given by the Annual General Meeting on April 8, 2003, on a directed offer for the acquisition of shares to the subscribers of C-shares in Ericsson, i.e. Nordinvest AB, a subsidiary to AB Industrivärden, and Investor AB. The offer is part of the implementation of Ericsson's Stock Purchase Plan 2003 for employees and includes all 158 million C-shares, which Ericsson has issued. Acquisitions shall be made during the period April 28 - May 15, 2003. Payment for acquired shares shall be made in cash with SEK 1.00275416667 per share. Ericsson currently holds 152,324,933 own shares.
Nordinvest AB and Investor AB both have informed Ericsson that they intend to accept the offer.
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Ericsson is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of 99,000 experts who provide customers in 180 countries with innovative Solutions and services. Ericsson has the world’s leading patent portfolio in cellular technology, with more than 54,000 granted patents. Together we are building a more connected future where anyone and any industry is empowered to reach their full potential. Net sales in 2019 were SEK 227 billion. The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ in New York. Read more on www.ericsson.com.