STOCKHOLM, June 24, 2024 /PRNewswire/ -- Between June 17, 2024, and June 20, 2024, Essity Aktiebolag (publ) repurchased a total of 216,000 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            Weighted average price         Total daily transaction
                                                                                             per                            value
                                                 volume (no. of
                                                 shares):                        day (SEK):                         (SEK):



            June 17, 2024                                                54,000                           274.1935                       14,806,449



            June 18, 2024                                                54,000                           273.7975                       14,785,065



            June 19, 2024                                                54,000                           275.8618                       14,896,537



            June 20, 2024                                                54,000                           277.3304                       14,975,842


                        Total accumulated during                         216,000                           275.2958                       59,463,893
    week starting 25, 2024


                        Total accumulated during                         216,000                           275.2958                       59,463,893
    the buyback program

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 June 24, 2024, to 216,000 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, sandra.aberg@essity.com

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-25--2024,c4005486

The following files are available for download:


     
     https://mb.cision.com/Main/15798/4005486/2881632.pdf              Buyback of Class B shares in Essity during week
                                                                           25, 2024



     
     https://mb.cision.com/Public/15798/4005486/b01959903c048f44.pdf 
     Essity fills week 25

View original content:https://www.prnewswire.co.uk/news-releases/buyback-of-class-b-shares-in-essity-during-week-25-2024-302180281.html

Tags

More Like This

Buyback of Class B shares in Essity during week 26, 2024

Buyback of Class B shares in Essity during week 28, 2024

Buyback of Class B shares in Essity during week 27, 2024

Buyback of Class B shares in Essity during week 29, 2024

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

Buyback of Class B shares in Essity during week 35, 2024

Buyback of Class B shares in Essity during week 45, 2024

Buyback of Class B shares in Essity during week 31, 2024