Buyback of Essity Class B shares in week 33, 2024

STOCKHOLM, August 19, 2024 /PRNewswire/ — Between August 12, 2024 and August 16, 2024, Essity Aktiebolag (publ) repurchased a total of 270,000 of its own class B shares (ISIN code: SE0009922164) in the context of the share buyback program as decided by the Board of Directors.

The share buyback is part of the SEK 3 billion share buyback program that Essity announced on June 17, 2024. The buyback program will run from June 17, 2024 until the Annual General Meeting in 2025 and is being implemented in accordance with the EU Market Abuse Regulation (MAR) and the European Commission Delegated Regulation 2016/1052 (Safe Harbor Regulation).

The share buyback is financed using cash flow from ongoing operations after deduction of the regular dividend. The ambition is to continue to buy back shares over time as a recurring part of Essity’s capital allocation.

Class B shares in Essity were repurchased as follows:

All purchases were executed on Nasdaq Stockholm by Danske Bank on behalf of Essity. Following the above purchases, Essity’s holding of treasury shares amounted to 2,376,000 Class B shares on August 16, 2024. The total number of shares in Essity on the date of this press release is 702,342,489, of which 60,412,986 Class A shares and 641,929,503 Class B shares.

Full details of the completed transactions are included as an appendix to this press release.

For further information please contact:
Sandra Åberg, Vice President Investor Relations, +46 70 564 96 89, [email protected]

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https://news.cision.com/essity/r/buyback-of-class-b-shares-in-essity-during-week-33–2024,c4025752

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