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Beskrivning
| Land | Sverige |
|---|---|
| Lista | Large Cap Stockholm |
| Sektor | Handel & varor |
| Industri | Dagligvaror |
Between August 19, 2024, and August 23 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 19, 2024 54,000 297.9764 16,090,726
August 20, 2024 54,000 297.1247 16,044,734
August 21, 2024 54,000 297.9360 16,088,544
August 22, 2024 54,000 300.7551 16,240,775
August 23, 2024 54,000 301.5619 16,284,343
Total accumulated 270,000 299.0708 80,749,121
during week 34, 2024
Total accumulated 2,646,000 289.6192 766,332,392
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 23, 2024, to 2,646,000 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.