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 shares):
Weighted average price per day (SEK):
Total daily transaction value (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 Åberg, Vice President Investor Relations, +46 70 564 96 89, sandra.aberg@essity.com
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https://news.cision.com/essity/r/buyback-of-class-b-shares-in-essity-during-week-43–2024,c4057363
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