Notice to the Annual General Meeting of shareholders
The notice to the Annual General Meeting of shareholders 2022 has been published and includes the meeting agenda and information on how shareholders can participate and vote at the meeting.
Due to COVID-19, the Board of Directors has decided that the Annual General Meeting of shareholders 2022 will be conducted without the physical presence of shareholders, representatives and third parties and that the meeting will be conducted as a digital meeting with online participation, in accordance with the Swedish Act on temporary exceptions to facilitate the execution of general meetings in companies and other associations which is expected to enter into force on March 1, 2022. Shareholders are also able to exercise their voting rights by post before the meeting.
Notice to the AGM: English | Swedish
Registration and notification
Online participation
A person who wishes to participate in the Annual General Meeting online must
- be listed as a shareholder in the presentation of the share register prepared by Euroclear Sweden AB concerning the circumstances on Monday, March 21, 2022; and
- give notice of participation to the Company at the latest on Wednesday, March 23, 2022, in any of the following ways:
- by telephone +46 (0)8 402 90 54 on weekdays between 10 a.m. and 4 p.m.,
- by post to Telefonaktiebolaget LM Ericsson, Annual General Meeting of shareholders, c/o Euroclear Sweden AB, Box 191, SE-101 23 Stockholm, Sweden, or
- via Euroclear Sweden’s website.
When giving notice of participation, please state name, date of birth or registration number, address, telephone number and number of participating assistants, if any.
Shareholders represented by proxy shall issue a power of attorney for the representative. A written and dated power of attorney signed by the shareholder must be sent to the Company in advance, to the address above for receipt by Friday, March 25, 2022, in order for Euroclear Sweden AB to be able to timely distribute login details. A power of attorney issued by a legal entity must be accompanied by the entity’s certificate of registration (or a corresponding document of authority).
Forms of Power of Attorney: English | Swedish
Individual login details and further instructions for participation online will be sent to shareholders and representatives that have given notice of participation online. The individual login details will be distributed to shareholders on an ongoing basis, as shareholders give notice of participation, to the address listed in the share register. The individual login details will be distributed to representatives on an ongoing basis, as soon as a valid power of attorney has been received and approved by the Company, to the address of the representative stated in the notice of participation. Shareholders may – by registering via Euroclear Sweden’s website, verifying their identity through BankID and stating their e-mail address – choose to receive the instructions by e-mail.
On the day of the Annual General Meeting, login can take place no earlier than 2:30 p.m. and must have taken place no later than 3 p.m. Login for online participation cannot take place after 3 p.m. The online participation is administrated by Euroclear Sweden AB and its subcontractor Lumi Global. To participate in the Annual General Meeting online, the participant shall go to Lumi Global’s website and enter the unique username and password that have been distributed to those who have given notice of participation.
For online participants, the following rules apply (which the participant accepts by choosing to participate online).
- It will be possible to ask questions during the Annual General Meeting via telephone.
- In order to participate and vote online, a steady network connection is required throughout the Annual General Meeting, and it is the shareholder's or proxy’s own responsibility to ensure a steady network connection. It is possible to participate online through a computer, a smartphone or another internet connected device.
- Ericsson has carefully prepared to enable participation and voting online. However, it cannot be ruled out that any technical complication entails functional deficiencies. Therefore, it is important to note that a shareholder who wants to be certain of being able to vote should choose to vote by post.
- A shareholder who has given notice of participation online in the Annual General Meeting has the opportunity to also vote by post according to the instructions under the heading Postal voting below and still participate in the Annual General Meeting online, for example to be able to ask questions.
Postal voting
A person who wishes to participate in the Annual General Meeting by postal voting must
- be listed as a shareholder in the presentation of the share register prepared by Euroclear Sweden AB concerning the circumstances on Monday, March 21, 2022; and
- give notice of participation no later than Wednesday, March 23, 2022, by casting its postal vote in accordance with the instructions below so that the postal voting form is received by Euroclear Sweden AB no later than that day.
Shareholders can cast their postal votes:
- electronically through verification with BankID via Euroclear Sweden AB’s website.
Such electronic votes must be submitted no later than Wednesday, March 23, 2022. - through a form for postal voting. The postal voting form is available here: English | Swedish.
Completed and signed forms for postal voting can be sent:
(i) by mail to Telefonaktiebolaget LM Ericsson, General Meeting of shareholders, c/o Euroclear Sweden AB, Box 191, SE-101 23 Stockholm, Sweden, or
(ii) by e-mail to GeneralMeetingService@euroclear.com.
Completed forms must be received by Euroclear no later than Wednesday, March 23, 2022.
The shareholders may not provide special instructions or conditions in the postal vote. If so, the entire postal vote is invalid. Further instructions and conditions may be found in the form for postal voting and here.
If the shareholder submits its postal vote by proxy, a written and dated power of attorney signed by the shareholder must be attached to the postal voting form. A power of attorney issued by a legal entity must be accompanied by the entity’s certificate of registration (or a corresponding document of authority).
Forms of Power of Attorney: English | Swedish
A shareholder who has voted by post may also participate online, provided that the notification has been made in accordance with the instructions under the heading Online participation above.
Nominee-registered shares
In order to be entitled to participate in the Annual General Meeting, a shareholder whose shares are registered in the name of a nominee must, in addition to giving notice of participation in the Annual General Meeting, register its shares in its own name so that the shareholder is listed in the presentation of the share register as of Monday, March 21, 2022. Such re-registration may be temporary (so-called voting rights registration), and request for such voting rights registration shall be made to the nominee, in accordance with the nominee’s routines, at such a time in advance as decided by the nominee. Voting rights registrations that have been made by the nominee no later than Wednesday, March 23, 2022 will be taken into account in the presentation of the share register.
Shareholders’ right to receive information
The Board of Directors and the President and CEO shall, if any shareholder so requests and the Board of Directors believes that it can be done without material harm to the Company, provide information regarding circumstances that may affect the assessment of an item on the agenda and circumstances that can affect the assessment of the Company’s or its subsidiaries’ financial situation and the Company’s relation to other companies within the Group.
Shareholders participating online may ask questions during the Annual General Meeting via telephone.
Majority requirements
Most resolutions at General Meetings of shareholders are passed by a simple majority, i.e. more than half of the votes cast at the General Meeting. However, the Swedish Companies Act requires qualified majorities in certain cases. For example, resolutions on transfer of treasury stock to employees participating in long-term variable compensation programs must be approved by 90 percent of the votes cast and by 90 percent of the shares represented at the Meeting, and a resolution to amend the Articles of Association must be approved by a two thirds majority.
Information on how your personal data is processed: English | Swedish