Ericsson to Utilize Mandate for Share Transfer
Ticker: ERIXF · Form: 6-K · Filed: May 3, 2024 · CIK: 717826
| Field | Detail |
|---|---|
| Company | Ericsson Lm Telephone Co (ERIXF) |
| Form Type | 6-K |
| Filed Date | May 3, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: corporate-action, shares
Related Tickers: ERIC
TL;DR
Ericsson is moving shares using a mandate, stay tuned.
AI Summary
On May 3, 2024, LM Ericsson Telephone Company announced its intention to utilize a mandate to transfer shares. This action is related to the company's ongoing operations and corporate governance.
Why It Matters
This announcement indicates a corporate action by Ericsson that could affect its share structure or ownership, which is relevant for investors and stakeholders.
Risk Assessment
Risk Level: low — The filing is an announcement of a standard corporate action and does not contain information suggesting immediate financial distress or significant negative events.
Key Players & Entities
- LM Ericsson Telephone Company (company) — Registrant
- May 3, 2024 (date) — Announcement Date
FAQ
What is the specific mandate Ericsson plans to utilize for the share transfer?
The filing states that Ericsson will "utilize mandate to transfer shares" but does not specify the exact nature or origin of this mandate.
What is the purpose of transferring these shares?
The filing does not explicitly state the purpose behind the share transfer, only that the company intends to proceed with it.
When is this share transfer expected to take place?
The filing does not provide a specific timeline for when the share transfer will occur.
Will this share transfer impact the total number of outstanding shares?
The filing does not provide details on whether the share transfer will alter the total number of outstanding shares.
Is this share transfer related to any recent acquisitions or divestitures?
The filing does not mention any connection between this share transfer and recent acquisitions or divestitures.
Filing Stats: 525 words · 2 min read · ~2 pages · Grade level 13.4 · Accepted 2024-05-03 06:24:57
Filing Documents
- d829705d6k.htm (6-K) — 13KB
- g829705g0503140214113.jpg (GRAPHIC) — 2KB
- 0001193125-24-129894.txt ( ) — 18KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. T ELEFONAKTIEBOLAGET LM E RICSSON (publ) By: /s/ STELLA MEDLICOTT Stella Medlicott Senior Vice President, Chief Marketing and Communications Officer By: /s/ LARS SANDSTRÖM Lars Sandström Senior Vice President, Chief Financial Officer Date: May 3, 2024 PRESS RELEASE May 3, 2024 Ericsson to utilize mandate to transfer shares Ericssons (NASDAQ:ERIC) annual general meeting on April 3, 2024 authorized the company to, in conjunction with the delivery of vested shares under the long-term variable compensation program 2021 ( LTV 2021 ), prior to the annual general meeting in 2025, retain and sell no more than 60% of the vested LTV 2021 shares of series B in the company in order to cover for the costs for withholding and paying tax and social security liabilities on behalf of the participants in relation to the performance share awards for remittance to revenue authorities. Ericsson has decided to utilize the authorization to transfer shares for these purposes. The transfer of these shares may take place on Nasdaq Stockholm during the period from and including May 3, 2024 up to the annual general meeting 2025 at a price within the price interval registered from time to time. Ericsson currently holds 12,184,543 shares of series B in the company and the maximum number of shares that may be transferred on Nasdaq Stockholm pursuant to the decision to utilize the authorization amounts to 345,673 shares of series B in the company. NOTES TO EDITORS: FOLLOW US: Subscribe to Ericsson press releases here Subscribe to Ericsson blog posts here https://twitter.com/ericsson https://www.facebook.com/ericsson https://www.linkedin.com/company/ericsson MORE INFORMATION AT: Ericsson Newsroom media.relations@ericsson.com (+46 10 719 69 92