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Beskrivning
| Land | Sverige |
|---|---|
| Lista | Large Cap Stockholm |
| Sektor | Handel & varor |
| Industri | Dagligvaror |
Between August 12, 2024, and August 16, 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 Total daily
volume (no. of price per day transaction value
shares): (SEK): (SEK):
August 12, 2024 54,000 297.3013 16,054,270
August 13, 2024 54,000 295.5736 15,960,974
August 14, 2024 54,000 296.1673 15,993,034
August 15, 2024 54,000 297.2350 16,050,690
August 16 2024 54,000 298.1279 16,098,907
Total accumulated 270,000 296.8810 80,157,875
during week 33, 2024
Total accumulated 2,376,000 288.5451 685,583,271
during the buyback
program
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 16, 2024, to 2,376,000 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.