STOCKHOLM, Sept. 2, 2024 /PRNewswire/ -- Between August 26, 2024, and August 30 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):



     August 26, 2024                                                                  54,000                        302.4081                      16,330,037



     August 27, 2024                                                                  54,000                        303.9060                      16,410,924



     August 28, 2024                                                                  54,000                        306.3246                      16,541,528



     August 29, 2024                                                                  54,000                        307.0609                      16,581,289



     August 30, 2024                                                                  54,000                        310.4716                      16,765,466



     
              Total accumulated during week 35, 2024                               270,000                        306.0342                      82,629,245



     
              Total accumulated during the buyback program                       2,916,000                        291.1391                     848,961,637

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 30, 2024, to 2,916,000 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-35--2024,c4031826

The following files are available for download:


     
     https://mb.cision.com/Main/15798/4031826/2975602.pdf              Buyback of Class B shares in Essity during week
                                                                           35, 2024



     
     https://mb.cision.com/Public/15798/4031826/89b791e30cbd859e.pdf 
     Essity transactions week 35

View original content:https://www.prnewswire.co.uk/news-releases/buyback-of-class-b-shares-in-essity-during-week-35-2024-302235877.html

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