Ericsson Decides to Change A/B Shares Voting Rights
At an special general meeting, Ericsson (Sweden) shareholders decided to change the difference in voting rights between A shares and B shares. Following the change, each A share confers one vote and each B share confers one-tenth of a vote.
The general meeting also decided to implement a conversion clause into the Articles of Association entailing that one B share may be converted to one A share during the period of September 20 to December 10, 2004, by holders of a special conversion right.
The general meeting decided to issue conversion rights to holders of A shares. Each registered holder of A shares on September 10, 2004, will receive one conversion right for each A share. One conversion right entitles the holder to convert one B share to one A share during the period of September 20 to December 10, 2004.