STOCKHOLM, Aug. 26, 2024 /PRNewswire/ -- Between August 19, 2024, and August 23 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):



     August 19, 2024                                                             54,000                    297.9764                 16,090,726



     August 20, 2024                                                             54,000                    297.1247                 16,044,734



     August 21, 2024                                                             54,000                    297.9360                 16,088,544



     August 22, 2024                                                             54,000                    300.7551                 16,240,775



     August 23, 2024                                                             54,000                    301.5619                 16,284,343



     
              Total accumulated during week 34, 2024                          270,000                    299.0708                 80,749,121



     
              Total accumulated during the buyback program                  2,646,000                    289.6192                766,332,392

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 August 23, 2024, to 2,646,000 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

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-34--2024,c4028506

The following files are available for download:


     
     https://mb.cision.com/Main/15798/4028506/2961702.pdf              Buyback of Class B shares in Essity during week
                                                                           34, 2024



     
     https://mb.cision.com/Public/15798/4028506/81a12f8a42c8c329.pdf 
     Essity transactions week 34

View original content:https://www.prnewswire.co.uk/news-releases/buyback-of-class-b-shares-in-essity-during-week-34-2024-302230318.html

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