Telefonaktiebolaget LM Ericsson (ERIC) has released an update.
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Telefonaktiebolaget LM Ericsson has announced an increase in their total shares and votes following the issuance of 4.1 million C shares in May 2024, which were later repurchased and converted into B shares to expand the company’s treasury stock. This move aligns with the AGM 2024 resolution to support the financing of their executive team’s Long-Term Variable Compensation Program. The company’s total share count now stands at 3,348,251,735 with 570,405,558.2 votes, holding 15,579,561 B shares as treasury stock.
For further insights into ERIC stock, check out TipRanks’ Stock Analysis page.