Ericsson's Shares and Votes Surge
June 5, 2024, 3:46 pm
On May 31, 2024, Telefonaktiebolaget LM Ericsson witnessed a surge in its shares and votes. The total number of shares now stands at 3,348,251,735, with 261,755,983 A shares and 3,086,495,752 B shares. The total votes have reached 570,405,558.2, with A shares holding 261,755,983 votes and B shares holding 308,649,575.2 votes.
This increase in shares and votes was fueled by the issuance of 4.1 million C shares in May 2024. These C shares were later repurchased by the company and converted into B shares, in line with a resolution by the AGM 2024. This move was part of financing the Long-Term Variable Compensation Program LTV I 2023 for the company's executive team. Currently, the company holds 15,579,561 B shares as treasury stock.
Ericsson, a pioneer in enabling communications service providers and enterprises to harness the power of connectivity, has a diverse portfolio covering Networks, Cloud Software and Services, Enterprise Wireless Solutions, and Global Communications Platform. This strategic approach helps customers embrace digital transformation, enhance efficiency, and explore new revenue streams.
Ericsson's commitment to innovation has brought the benefits of mobility and mobile broadband to billions worldwide. Listed on Nasdaq Stockholm and Nasdaq New York, Ericsson continues to lead the charge in shaping the future of connectivity.
For more information, visit Ericsson's Newsroom or reach out to their media and investor relations teams. Stay connected with Ericsson on social media platforms like Twitter, Facebook, and LinkedIn to stay updated on their latest developments.
In conclusion, Ericsson's recent surge in shares and votes reflects its strong position in the market and its unwavering commitment to driving innovation in the telecommunications industry.
This increase in shares and votes was fueled by the issuance of 4.1 million C shares in May 2024. These C shares were later repurchased by the company and converted into B shares, in line with a resolution by the AGM 2024. This move was part of financing the Long-Term Variable Compensation Program LTV I 2023 for the company's executive team. Currently, the company holds 15,579,561 B shares as treasury stock.
Ericsson, a pioneer in enabling communications service providers and enterprises to harness the power of connectivity, has a diverse portfolio covering Networks, Cloud Software and Services, Enterprise Wireless Solutions, and Global Communications Platform. This strategic approach helps customers embrace digital transformation, enhance efficiency, and explore new revenue streams.
Ericsson's commitment to innovation has brought the benefits of mobility and mobile broadband to billions worldwide. Listed on Nasdaq Stockholm and Nasdaq New York, Ericsson continues to lead the charge in shaping the future of connectivity.
For more information, visit Ericsson's Newsroom or reach out to their media and investor relations teams. Stay connected with Ericsson on social media platforms like Twitter, Facebook, and LinkedIn to stay updated on their latest developments.
In conclusion, Ericsson's recent surge in shares and votes reflects its strong position in the market and its unwavering commitment to driving innovation in the telecommunications industry.