Ericsson to utilize mandate to transfer shares

Stockholm , may 3, 2024 /prnewswire/ -- ericsson's (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.
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