Telefonaktiebolaget Lm Ericsson
27 April 2001
Decision by the Board of Ericsson regarding a directed offer
The Board of Telefonaktiebolaget LM Ericsson has on April 26, 2001, in
accordance with an authorization given by the Annual General Meeting of
Ericsson 2001, decided on a directed offer to Investor AB and Nordinvest
AB, a subsidiary of AB Industrivarden, to acquire 155,000,000 C-shares
at a price of SEK 1,005644. The directed offer is part of the
implementation of Ericsson's Global Stock Incentive Program, comprising
two parts - a Stock Option Plan and a Stock Purchase Plan.
The Global Stock Incentive Program requires totally 155,000,000 shares,
equaling 1.96 percent of the total number of issued shares. Together
with earlier decided incentive programs, the total number of shares in
such programs amount to 3.67 percent of the total number of issued
shares. At present, Ericsson holds 1,804,000 own shares, acquired in
accordance with a resolution by the AGM 2000.
The directed offer is expected to be completed prior to the summer 2001
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
FOR FURTHER INFORMATION, PLEASE CONTACT
Anna Surtevall, Corporate Legal Counsel, Incentive Programs
Phone: +46 8 719 56 67, E-mail: [email protected]
Pia Gideon, Vice President External Relations, Corporate Communications
Phone: +46 8 719 28 64, E-mail: [email protected]
Gary Pinkham, Vice President, Investor Relations
Phone: +1 212 685 4030; E-mail: [email protected]