STOCKHOLM, July 1, 2024 /PRNewswire/ -- Between June 24, 2024, and June 28, 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):



     June 24, 2024                                                                    54,000                         277.645                      14,992,830



     June 25, 2024                                                                    54,000                        277.8604                      15,004,462



     June 26, 2024                                                                    54,000                        277.9858                      14,849,233



     June 27, 2024                                                                    54,000                        272.0494                      14,690,668



     June 28, 2024                                                                    54,000                        271.2763                      14,648,920



     
              Total accumulated during week 26, 2024                               270,000                        274.7634                      74,186,113



     
              Total accumulated during the buyback program                         486,000                             275                     133,650,005

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 1, 2024, to 486,000 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-26--2024,c4009429

The following files are available for download:


     
     https://mb.cision.com/Main/15798/4009429/2894996.pdf              Buyback of Class B shares in Essity during week
                                                                           26, 2024



     
     https://mb.cision.com/Public/15798/4009429/a2ec5b5ff013d4d1.pdf 
     Essity Transaction list week 26

View original content:https://www.prnewswire.co.uk/news-releases/buyback-of-class-b-shares-in-essity-during-week-26-2024-302186932.html

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