STOCKHOLM, Oct. 28, 2024 /PRNewswire/ -- Between October 21, 2024, and October 25, 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): October 21, 2024 54,000 311.4416 16,817,846 October 22, 2024 54,000 307.1711 16,587,239 October 23, 2024 54,000 308.2225 16,644,015 October 24, 2024 54,000 309.6242 16,719,707 October 25, 2024 54,000 302.0477 16,310,576 Total accumulated during week 43, 2024 270,000 307.7014 83,079,383 Total accumulated during the buyback program 5,076,000 300.8805 1,527,269,313
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 October 25, 2024, to 5,076,000 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=4288185-1&h=1902449989&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-43--2024,c4057363 [https://c212.net/c/link/?t=0&l=en&o=4288185-1&h=2586383091&u=https%3A%2F%2Fnews.cision.com%2Fessity%2Fr%2Fbuyback-of-class-b-shares-in-essity-during-week-43--2024%2Cc4057363&a=https%3A%2F%2Fnews.cision.com%2Fessity%2Fr%2Fbuyback-of-class-b-shares-in-essity-during-week-43--2024%2Cc4057363]
The following files are available for download:
https://mb.cision.com/Main/15798/4057363/3078179.pdf Buyback of Class B shares in Essity during week 43, 2024 https://mb.cision.com/Public/15798/4057363/a60adbbdf2313efc.pdf Essity transactions week 43
View original content:https://www.prnewswire.co.uk/news-releases/buyback-of-class-b-shares-in-essity-during-week-43-2024-302288458.html [https://www.prnewswire.co.uk/news-releases/buyback-of-class-b-shares-in-essity-during-week-43-2024-302288458.html]
Essity