Nov 11, 2024   SOURCE: PR NewsWire

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                Weighted average               Total daily
                                                                        volume                          price                          transaction
                                                      (no. of shares):                  per day (SEK):                   value (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 week                           270,000                         298.9459                  80,715,398
    45, 2024



            
              Total accumulated during the                          5,616,000                         300.9898               1,690,358,984
    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 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 Aberg, Vice President Investor Relations, +46 70 564 96 89, sandra.aberg@essity.com

This information was brought to you by Cision http://news.cision.com

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

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SOURCE Essity