Buyback of Class B shares in Essity during week 30, 2024


USA – English





USA – English

STOCKHOLM, July 29, 2024 /PRNewswire/ — Between July 22, 2024, and July 26, 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):  

July 22, 2024

54,000

306.4875

16,550,325

July 23, 2024

54,000

305.7371

16,509,803

July 24, 2024

54,000

301.9447

16,305,014

July 25, 2024

54,000

303.3053

16,378,486

July 26, 2024

54,000

304.7628

16,457,191

Total accumulated during week 30, 2024

270,000

304.4475

82,200,820

Total accumulated during the buyback program

1,566,000

282.5497

442,472,852

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 26, 2024, to 1,566,000 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 Åberg, Vice President Investor Relations, +46 70 564 96 89, [email protected]

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-30–2024,c4019245

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SOURCE Essity

Originally published at https://www.prnewswire.com/news-releases/buyback-of-class-b-shares-in-essity-during-week-30-2024-302208643.html
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