Buyback of Class B shares in Essity during week 38, 2024
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USA - English
EU editor||2 min read
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STOCKHOLM , Sept. 23 , 2024 /PRNewswire/ -- Between September 16 , 2024 , and September 20 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
STOCKHOLM, Sept. 23, 2024 /PRNewswire/ -- Between September 16, 2024, and September 20 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 price per day (SEK):
Total daily transaction value (SEK):
September 16, 2024
54,000
323.9593
17,493,802
September 17, 2024
54,000
319.9618
17,277,937
September 18, 2024
54,000
318.2174
17,183,740
September 19, 2024
54,000
318.0534
17,174,884
September 20, 2024
54,000
314.6163
16,989,280
Total accumulated during week 38, 2024
270,000
318.9616
86,119,643
Total accumulated during the buyback program
3,726,000
297.0050
1,106,640,569
All purchases were conducted on NasdaqStockholm by Danske Bank on behalf of Essity. Following the above purchases, Essity's holding of treasury shares amounted on September 20, 2024, to 3,726,000 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, [email protected]
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