Categories: News

Buyback of Class B shares in Essity during week 44, 2024

STOCKHOLM, Nov. 4, 2024 /PRNewswire/ — Between October 28, 2024, and November 1, 2024, Essity Aktiebolag (publ) repurchased a total of 270,000 own Class B shares (ISIN: SE0009922164) under the framework of the buyback program as resolved by the Board of Directors.

The share purchase is part of the SEK 3bn buyback program announced by Essity on June 17, 2024. The buyback program will extend from June 17, 2024, until the 2025 Annual General Meeting and be implemented in accordance with the EU Market Abuse Regulation (MAR) and the European Commission’s Delegated Regulation 2016/1052 (Safe Harbour Regulation).

The share repurchase is financed using cash flow from current operations after the ordinary dividend with the ambition to continue with share buybacks over time as a recurring part of Essity’s capital allocation.

Class B shares in Essity were repurchased as follows:

Date

Aggregated daily volume (no. of shares):

Weighted average price per day (SEK):

Total daily transaction value (SEK):

October 28, 2024

54,000

310.2743

16,754,812

October 29, 2024

54,000

309.1655

16,694,937

October 30, 2024

54,000

303.4483

16,386,208

October 31, 2024

54,000

299.4882

16,172,363

November 1, 2024

54,000

303.0732

16,365,953

Total accumulated during week 44, 2024

270,000

305.0899

82,374,273

Total accumulated during the buyback program

5,346,000

301.0931

1,609,643,586

All purchases were conducted on Nasdaq Stockholm by Danske Bank on behalf of Essity. Following the above purchases, Essity’s holding of treasury shares amounted on November 1, 2024, to 5,346,000 Class B shares. The total number of shares in Essity amounted on the date of this press release to 702,342,489, of which 60,412,986 Class A shares and 641,929,503 Class B shares. 

The full details concerning the completed transactions are appended to this press release.

For further information, please contact:
Sandra Åberg, Vice President Investor Relations, +46 70 564 96 89, sandra.aberg@essity.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/essity/r/buyback-of-class-b-shares-in-essity-during-week-44–2024,c4060680

The following files are available for download:

https://mb.cision.com/Main/15798/4060680/3092536.pdf

Buyback of Class B shares in Essity during week 44, 2024

https://mb.cision.com/Public/15798/4060680/b174f500b6bab21d.pdf

Essity transactions week 44

 

View original content:https://www.prnewswire.com/news-releases/buyback-of-class-b-shares-in-essity-during-week-44-2024-302295251.html

SOURCE Essity

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