News

Ericsson Reports Final Conversion of B-Shares to A-Shares

December 26, 2004 by Jeff Shepard

Ericsson (Sweden) reported that in the fourth and final conversion round, 48,149,230 B-shares in Ericsson have been converted to the same number of A-shares. The A-shares are now representing 46.9% of the voting rights and the B-shares represent 53.1% of the voting rights.

Shareholders in Ericsson have in the fourth and final conversion round tendered 48,149,230 B-shares for conversion to the same number of A-shares. As a result of this conversion round, the total number of shares in Ericsson is now 1,308,779,918 A-shares and 14,823,478,760 B-shares. A total of 652,561,278 B-shares has been converted to A-shares, which means that 99.44% of the total number of conversion rights has been exercised.