STOCKHOLM, Sweden, Feb. 19, 2004 (PRIMEZONE) -- Investor:
The following information is being provided in connection with today's press release from Ericsson about reducing the differences in voting rights carried by class A-shares and class B-shares in Ericsson from 1000:1 to 10:1, and the issue of conversion rights:
The Board of Directors of Investor AB proposes to its Annual General Meeting on March 23 that it decides that Investor, as an owner of class A-shares and class B-shares in Ericsson, shall approve the proposal presented today, to change the voting rights carried by Ericsson's class B-shares, at a shareholders' meeting in Ericsson.
In a statement, Investor Chairman Claes Dahlback said: "We're pleased that the Work Group has now come up with a proposal for the voting rights issue. We share Ericsson's view that this is positive for the company and its shareholders."
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The following files are available for download:
http://www.waymaker.net/bitonline/2004/02/19/20040219BIT00080/wkr0001.doc
http://www.waymaker.net/bitonline/2004/02/19/20040219BIT00080/wkr0002.pdf