Buyback of Class B shares in Essity during week 40, 2024
Between September 30, 2024, and October 4, 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):
September 30, 2024 54,000 314.5381 16,985,057
October 1, 2024 54,000 314.8300 17,000,820
October 2, 2024 54,000 312.1435 16,855,749
October 3, 2024 54,000 310.5103 16,767,556
October 4, 2024 54,000 308.8839 16,679,731
Total accumulated 270,000 312.1812 84,288,913
during week 40, 2024
Total accumulated 4,266,000 298.9739 1,275,422,543
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 October 4, 2024, to 4,266,000 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.