Ericsson (NASDAQ: ERIC) has decided to apply for delisting of the
company's series B shares from the London Stock Exchange (LSE).
Ericsson anticipates that the delisting will take effect on April
14, 2008.
The Ericsson series B shares have been listed on the LSE since 1960.
In recent years, trading in the company's series B shares on the LSE
has corresponded to less than 1 percent of the total trade in the
company's series B shares, which in Ericsson's view does not justify
the costs of maintaining the listing.
Following the delisting, all trading in the Ericsson series B shares
will be concentrated to OMX Nordic Exchange Stockholm and Nasdaq. The
Ericsson shares have previously been delisted from the stock
exchanges in Paris and Zürich as well as three German exchanges.
The delisting refers to Telefonaktiebolaget LM Ericsson series B
shares of SEK1.00 each in the capital of the Company (ISIN:
SE0000108656). The Ericsson series B shares has been listed on the
official list maintained by the Financial Services Authority (FSA)
and has been admitted to trading on the main market for listed
securities of the LSE. Ericsson will now apply to the FSA for the
cancellation of the listing of the series B shares on the official
list and to the LSE for the cancellation of the admission of the
series B shares to trading on the LSE. The cancellations are subject
to a 20 business day notice.
Ericsson is the world's leading provider of technology and services
to telecom operators. The market leader in 2G and 3G mobile
technologies, Ericsson supplies communications services and manages
networks that serve more than 185 million subscribers. The company's
portfolio comprises mobile and fixed network infrastructure, and
broadband and multimedia solutions for operators, enterprises and
developers. The Sony Ericsson joint venture provides consumers with
feature-rich personal mobile devices.
Ericsson is advancing its vision of 'communication for all' through
innovation, technology, and sustainable business solutions. Working
in 175 countries, more than 70,000 employees generated revenue of
USD 27.9 billion (SEK 188 billion) in 2007. Founded in 1876 and
headquartered in Stockholm, Sweden, Ericsson is listed on the
Stockholm, London and NASDAQ stock exchanges.
For more information, visit www.ericsson.com or www.ericsson.mobi.
FOR FURTHER INFORMATION, PLEASE CONTACT
Media
Ericsson Media Relations
Phone: +46 8 719 69 92
E-mail: press.relations@ericsson.com
Investors
Ericsson Investor Relations
Phone: +46 8 719 00 00
E-mail: investor.relations@ericsson.com
