- Ericsson (ERIC, Financial) announces an acquisition offer for 23.1 million C shares as part of its Long-Term Variable Compensation Programs LTV 2025 and LTV 2024.
- The acquisition will occur between May 5-19, 2025, with each C share priced at approximately SEK 5.
- Post-conversion, Ericsson's total share count will be 3,371,351,735 shares, consisting of A and B shares.
Ericsson (ERIC) has declared its intention to acquire 23.1 million C shares as part of the company's Long-Term Variable Compensation Programs for 2025 and 2024. The acquisition will take place over a two-week period from May 5 to May 19, 2025, with the shares priced at roughly SEK 5 each. This move aims to support the compensation programs designed for Ericsson's executive team and other executives.
Upon completion of the acquisition, Ericsson plans to convert all the acquired C shares into B shares. This conversion will result in an increased total share count of 3,371,351,735, comprising 261,755,983 A shares and 3,109,595,752 B shares. Currently, Ericsson holds 15,579,561 B shares as treasury stock.
Skandinaviska Enskilda Banken AB (SEB) has subscribed to all 23.1 million C shares and has communicated its intention to accept the acquisition offer. This strategic move is part of Ericsson's efforts to provide for its Long-Term Variable Compensation Programs and manage its share structure effectively.
