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.
Ericsson is shaping the future of Mobile and Broadband Internet communications through its continuous technology leadership. Providing innovative solutions in more than 140 countries, Ericsson is helping to create the most powerful communication companies in the world.
Read more at http://www.ericsson.com/press