STOCKHOLM, Sept. 30, 2024 /PRNewswire/ -- Between September 23, 2024, and September 27, 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. Weighted average price per of shares): day (SEK): Total daily transaction value (SEK): September 23, 2024 54,000 314.2055 16,967,097 September 24, 2024 54,000 313.3164 16,919,086 September 25, 2024 54,000 314.4630 16,981,002 September 26, 2024 54,000 310.7654 16,781,332 September 27, 2024 54,000 311.9360 16,844,544 Total accumulated during week 39, 2024 270,000 312.9373 84,493,061 Total accumulated during the buyback program 3,996,000 298.0815 1,191,133,630
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 September 27, 2024, to 3,996,000 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 Aberg, Vice President Investor Relations, +46 70 564 96 89, sandra.aberg@essity.com [mailto:sandra.aberg@essity.com]
This information was brought to you by Cision http://news.cision.com [https://c212.net/c/link/?t=0&l=en&o=4266509-1&h=2602751519&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com].
https://news.cision.com/essity/r/buyback-of-class-b-shares-in-essity-during-week-39--2024,c4044504 [https://c212.net/c/link/?t=0&l=en&o=4266509-1&h=4023968072&u=https%3A%2F%2Fnews.cision.com%2Fessity%2Fr%2Fbuyback-of-class-b-shares-in-essity-during-week-39--2024%2Cc4044504&a=https%3A%2F%2Fnews.cision.com%2Fessity%2Fr%2Fbuyback-of-class-b-shares-in-essity-during-week-39--2024%2Cc4044504]
The following files are available for download:
https://mb.cision.com/Main/15798/4044504/3029029.pdf Buyback of Class B shares in Essity during week 39, 2024 https://mb.cision.com/Public/15798/4044504/adf67929d24ab3c2.pdf Essity transactions week 39
View original content:https://www.prnewswire.co.uk/news-releases/buyback-of-class-b-shares-in-essity-during-week-39-2024-302262415.html [https://www.prnewswire.co.uk/news-releases/buyback-of-class-b-shares-in-essity-during-week-39-2024-302262415.html]
Essity