---
title: "Ericsson to transfer shares using mandate"
url: https://burnaze.com/article/ef304dcb-bd62-4b01-8e02-20227a00610b
source: "Franchise Magazine USA"
original_url: https://franchisemagazineusa.com/ericsson-to-transfer-shares-using-mandate/
category: "Finance"
topics: ["Finance & M&A"]
published: 2024-02-16T08:20:51.000Z
modified: 2026-11-01T01:05:34.979Z
image: https://images.unsplash.com/photo-1611974789855-9c2a0a7236a3?w=1600&q=80&auto=format&fit=crop
---

# Ericsson to transfer shares using mandate

**TL;DR:** Ericsson utilized authorization to transfer shares for covering tax and social security liabilities on behalf of participants in long-term variable compensation programs. The company may transfer up to 774,889 shares of series B on Nasdaq Stockholm.

*originally published in Franchise Magazine USA on 2024-02-16. [Read the original](https://franchisemagazineusa.com/ericsson-to-transfer-shares-using-mandate/).*

## Story

Ericsson’s annual general meeting in March 29, 2023, authorized the company’s board of directors to resolve on the transfer of the company’s own shares. Under the authorization, the company may, in conjunction with the delivery of vested shares under the long-term variable compensation programs 2019 and 2020 (“LTV 2019” and “LTV 2020”), decide to retain and sell no more than 60% of the vested shares of series B in the company in order to cover 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 utilized the authorization to transfer shares for these purposes.

The transfer of own shares may take place on Nasdaq Stockholm during the period from and including February 16, 2024, up to the annual general meeting 2024 at a price within the price interval registered from time to time.

Ericsson currently holds 12,932,223 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 774,889 shares of series B in the company.

The company’s portfolio spans the following business areas: Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platform, and Technologies and New Businesses. It is designed to help our customers go digital, increase efficiency, and find new revenue streams. Ericsson’s innovation investments have delivered the benefits of mobility and mobile broadband to billions of people globally. Ericsson stock is listed on Nasdaq Stockholm and on Nasdaq New York.

## Entities

- General (sector)
- Franchise Magazine USA (publication)
- Nasdaq Stockholm (location)
- share transfer (topic)
- tax liabilities (topic)
- compensation programs (topic)
- nasdaq stockholm (topic)

---
Originally reported by Franchise Magazine USA (https://franchisemagazineusa.com/ericsson-to-transfer-shares-using-mandate/). Summarized by Burnaze (https://burnaze.com/article/ef304dcb-bd62-4b01-8e02-20227a00610b).