STOCKHOLM, July 15, 2024 /PRNewswire/ -- Between July 8, 2024, and July 12, 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     Weighted average price   Total daily transaction
                                                                 volume                   per                      value
                                                 (no. of shares):           day (SEK):                  (SEK):



            July 8, 2024                                            54,000                    276.3805                 14,924,547



            July 9, 2024                                            54,000                    276.9954                 14,957,752



            July 10, 2024                                           54,000                    278.3238                 15,029,485



            July 11, 2024                                           54,000                    279.2048                 15,077,059



            July 12, 2024                                           54,000                    280.3425                 15,138,495


                        Total accumulated during                    270,000                    278.2494                 75,127,338
    week 28, 2024


                        Total accumulated during                  1,026,000                    275.6306                282,796,985
    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 July 12, 2024, to 1,026,000 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.

CONTACT:

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-28--2024,c4014979

The following files are available for download:


     
     https://mb.cision.com/Main/15798/4014979/2916321.pdf              Buyback of Class B shares in Essity during week
                                                                           28, 2024



     
     https://mb.cision.com/Public/15798/4014979/b47dc72286fac72f.pdf 
     Essity Transactions week 28

View original content:https://www.prnewswire.co.uk/news-releases/buyback-of-class-b-shares-in-essity-during-week-28-2024-302196795.html

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