Ericsson launches SEK 15 billion share buyback program
Telefonaktiebolaget LM Ericsson announced that its Board of Directors has approved a share buyback program for Class B ordinary shares worth up to SEK 15 billion ($1.4 billion) on Nasdaq Stockholm.
The program aims to distribute surplus liquidity and adjust the company's capital structure by reducing capital. The repurchased shares will also be used to meet obligations under Ericsson's share-related incentive programs, according to a company statement.
Share acquisitions are expected to begin April 23, 2026, and conclude by March 31, 2027. The program will be managed by an independent financial investment firm that will make trading decisions without influence from Ericsson.
The buyback is subject to several conditions. Ericsson's total holding cannot exceed 10% of the company's total issued shares at any time. Shares may only be purchased at prices within the prevailing interval on Nasdaq Stockholm between the highest purchase price and lowest selling price.
Ericsson has 3.37 billion total shares outstanding, consisting of 261.8 million Class A shares and 3.11 billion Class B shares. The company currently holds 38 million Class B treasury shares as of April 16, 2026.
The Board intends to propose at the 2027 Annual General Meeting that repurchased shares not used for incentive programs be cancelled. The program operates under authorization granted by the March 31, 2026 Annual General Meeting and complies with European Union market abuse regulations.
The buyback will be conducted according to Nasdaq Stockholm's Nordic Main Market Rulebook and EU regulations on market abuse and safe harbor provisions.