STOCKHOLM, Sept. 30, 2024 /PRNewswire/ -- Between September 23, 2024, and September 27, 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. Weighted average price per
                                                               of shares):                  day (SEK):                 Total daily transaction value (SEK):



     September 23, 2024                                                            54,000                    314.2055                             16,967,097



     September 24, 2024                                                            54,000                    313.3164                             16,919,086



     September 25, 2024                                                            54,000                    314.4630                             16,981,002



     September 26, 2024                                                            54,000                    310.7654                             16,781,332



     September 27, 2024                                                            54,000                    311.9360                             16,844,544



     
              Total accumulated during week 39, 2024                            270,000                    312.9373                             84,493,061



     
              Total accumulated during the buyback program                    3,996,000                    298.0815                          1,191,133,630

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 September 27, 2024, to 3,996,000 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-39--2024,c4044504

The following files are available for download:


     
     https://mb.cision.com/Main/15798/4044504/3029029.pdf              Buyback of Class B shares in Essity during week
                                                                           39, 2024



     
     https://mb.cision.com/Public/15798/4044504/adf67929d24ab3c2.pdf 
     Essity transactions week 39

View original content:https://www.prnewswire.co.uk/news-releases/buyback-of-class-b-shares-in-essity-during-week-39-2024-302262415.html

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