Dec 16, 2024   SOURCE: PR NewsWire

Buyback of Class B shares in Essity during week 50, 2024

STOCKHOLM, Dec. 16, 2024 /PRNewswire/ -- Between December 9, 2024, and December 13, 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):



     December 9, 2024                                                            54,000                  303.4288               16,385,155



     December 10, 2024                                                           54,000                  303.6015               16,394,481



     December 11, 2024                                                           54,000                  303.9873               16,415,314



     December 12, 2024                                                           54,000                  297.7727               16,079,726



     December 13, 2024                                                           54,000                  297.5235               16,066,269



     
              Total accumulated during week 50 2024                           270,000                  301.2628               81,340,945



     
              Total accumulated during the buyback program                  6,966,000                  300.9104            2,096,142,171

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 December 13, 2024, to 6,966,000 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-50--2024,c4082612

The following files are available for download:


     
     https://mb.cision.com/Main/15798/4082612/3174122.pdf              Buyback of Class B shares in Essity during week
                                                                           50, 2024



     
     https://mb.cision.com/Public/15798/4082612/83fb42d39094e298.pdf 
     Essity transactions week 50

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SOURCE Essity