STOCKHOLM, July 8, 2024 /PRNewswire/ -- Between July 1, 2024, and July 5, 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 Weighted average price per day Total daily transaction value shares): (SEK): (SEK): July 1, 2024 54,000 274.2731 14,810,747 July 2, 2024 54,000 274.2206 14,807,912 July 3, 2024 54,000 274.2680 14,810,472 July 4, 2024 54,000 273.8646 14,788,688 July 5, 2024 54,000 274.1078 14,801,821 Total accumulated during week 27, 2024 270,000 274.1468 74,019,641 Total accumulated during the buyback program 756,000 274.6953 207,669,647
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 July 5, 2024, to 756,000 Class B shares. The total number of shares in Essity amounted on the date of this press release to 702,342,489, of which 60,969,986 Class A shares and 641,372,503 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]
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The following files are available for download:
https://mb.cision.com/Main/15798/4012402/2906435.pdf Essity Press release week 27 https://mb.cision.com/Public/15798/4012402/a7659a26e3ae18ab.pdf Essity transaction list week 27
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