Buyback of Class B shares in Essity during week 45, 2024
STOCKHOLM, Nov. 11, 2024 /PRNewswire/ -- Between November 4, 2024, and November 8, 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 shares):
Weighted average priceper day (SEK):
Total daily transactionvalue (SEK):
November 4, 2024
54,000
303.1780
16,371,612
November 5, 2024
54,000
302.8431
16,353,527
November 6, 2024
54,000
299.1351
16,153,295
November 7, 2024
54,000
294.3542
15,895,127
November 8, 2024
54,000
295.2192
15,941,837
Total accumulated during week45, 2024
270,000
298.9459
80,715,398
Total accumulated during thebuyback program
5,616,000
300.9898
1,690,358,984
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 November 8, 2024, to 5,616,000 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
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https://news.cision.com/essity/r/buyback-of-class-b-shares-in-essity-during-week-45--2024,c4064077
The following files are available for download:
https://mb.cision.com/Main/15798/4064077/3104194.pdf
Buyback of Class B shares in Essity during week 45, 2024
https://mb.cision.com/Public/15798/4064077/aa796ed9532a2dc7.pdf
Essity transactions week 45