Your location is listed as Global

Ericsson repurchases all C-shares for the Stock Purchase Plan 2003

As part of preparing for the Stock Purchase Plan 2003 for employees, Ericsson repurchases the previously issued C-shares in order to expand its treasury stock.

Press release  |  May 15, 2003 12:15 (GMT +00:00)

The Board of Telefonaktiebolaget LM Ericsson decided on April 28, 2003, based on an authorization given by the Annual General Meeting, to direct an offer for the acquisition of shares to all owners of C-shares in Ericsson, i.e. to Nordinvest AB, a subsidiary to AB Industrivärden, and Investor AB. The offer was a part of the implementation of Ericsson's Stock Purchase Plan 2003 and included all 158 million C-shares, which Ericsson has issued.

Ericsson has today acquired all 158 million shares, which the offer included and has made payment amounting to a total of SEK 158,435,158.

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.