Change in the number of total shares and votes in Ericsson
Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC) confirms that as per August 29, 2008, the company's share capital amounts to SEK 16,231,758,678 and the total number of shares amounts to 3,246,351,735, of which 261,755,983 A shares and 2,984,595,752 B shares.
The changes are due to the recent new issue of 19 900 000 C shares, which by virtue of the conversion provision in the articles of association have been converted to B shares. This is in accordance with the resolution by the Annual General Meeting 2008, to expand the treasury stock as part of the financing of Ericsson's Long-Term Variable Compensation Program (LTV) 2008.
The number of votes amounts to 560,215.558.2 of which A shares represent 261,755,983 votes and B shares represent 298,459,575.2 votes. The company currently holds 62,307,559 shares as treasury stock.
Ericsson is the world's leading provider of technology and services to telecom operators. The market leader in 2G and 3G mobile technologies, Ericsson supplies communications services and manages networks that serve more than 195 million subscribers. The company's portfolio comprises mobile and fixed network infrastructure, and broadband and multimedia solutions for operators, enterprises and developers. The Sony Ericsson joint venture provides consumers with feature-rich personal mobile devices.
Ericsson is advancing its vision of 'communication for all' through innovation, technology, and sustainable business solutions. Working in 175 countries, more than 70,000 employees generated revenue of USD 27.9 billion (SEK 188 billion) in 2007. Founded in 1876 and headquartered in Stockholm, Sweden, Ericsson is listed on OMX Nordic Exchange Stockholm and NASDAQ.
For more information about Ericsson, visit www.ericsson.com or www.ericsson.mobi
The changes are due to the recent new issue of 19 900 000 C shares, which by virtue of the conversion provision in the articles of association have been converted to B shares. This is in accordance with the resolution by the Annual General Meeting 2008, to expand the treasury stock as part of the financing of Ericsson's Long-Term Variable Compensation Program (LTV) 2008.
The number of votes amounts to 560,215.558.2 of which A shares represent 261,755,983 votes and B shares represent 298,459,575.2 votes. The company currently holds 62,307,559 shares as treasury stock.
Ericsson is the world's leading provider of technology and services to telecom operators. The market leader in 2G and 3G mobile technologies, Ericsson supplies communications services and manages networks that serve more than 195 million subscribers. The company's portfolio comprises mobile and fixed network infrastructure, and broadband and multimedia solutions for operators, enterprises and developers. The Sony Ericsson joint venture provides consumers with feature-rich personal mobile devices.
Ericsson is advancing its vision of 'communication for all' through innovation, technology, and sustainable business solutions. Working in 175 countries, more than 70,000 employees generated revenue of USD 27.9 billion (SEK 188 billion) in 2007. Founded in 1876 and headquartered in Stockholm, Sweden, Ericsson is listed on OMX Nordic Exchange Stockholm and NASDAQ.
For more information about Ericsson, visit www.ericsson.com or www.ericsson.mobi
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