Telefonaktiebolaget LM Ericsson Class B (ERIC) has released an update.
Ericsson has announced its decision to exercise the authorization granted by its annual general meeting, allowing the company to transfer a portion of its B series shares. The purpose of this transfer is to cover tax and social security liabilities related to their long-term variable compensation program. The transactions are to occur on Nasdaq Stockholm and will continue until the 2025 annual general meeting, with a cap of 345,673 shares of series B being transferred.
For further insights into ERIC stock, check out TipRanks’ Stock Analysis page.
