Essity Announces Share Buyback Completion for Class B Shares During Week 1 of 2025
In the latest update from Essity Aktiebolag, the company reported a significant buyback of its Class B shares during the first week of 2025. Between December 30, 2024, and January 3, 2025, Essity successfully repurchased a total of 162,000 Class B shares under a buyback program initiated by the Board of Directors. This initiative is part of a larger SEK 3 billion (€280 million) buyback scheme declared on June 17, 2024. The program is designed to take place over an extended period, continuing until the Annual General Meeting in 2025, and adheres to the EU Market Abuse Regulation (MAR) along with the Delegated Regulation 2016/1052, also known as the Safe Harbour Regulation.
The repurchases were facilitated using the cash flows from current operations, following the distribution of an ordinary dividend. This strategic approach aims at consistently integrating share buybacks into Essity's capital allocation framework over the long run. According to the data disclosed by Essity, the shares were purchased at varying prices over the specified dates, reflecting a weighted average price of SEK 296.3750 for the entire week, culminating in a total expenditure of approximately SEK 48 million.
The details of the transactions are as follows:
These repurchases were all conducted on Nasdaq Stockholm through Danske Bank, the bank acting on behalf of Essity. With these recent acquisitions, Essity's total treasury shares now stand at 7,506,000 Class B shares as of January 7, 2025. The comprehensive approach to stock repurchasing contributes to refining the capital structure and enhancing shareholder value, crucial aspects for maintaining investor confidence and supporting market reputation.
By the date of this announcement, the company's aggregate shares totaled 702,342,489, with 59,973,654 Class A shares and 642,368,835 Class B shares.
Essity's long-term commitment to fostering shareholder value through strategic buybacks underscores a robust corporate governance structure and solid operational performance. The ongoing buyback activities are expected to significantly influence market perceptions and investor sentiment, establishing a stronger foothold in the stock market while rewarding its shareholders. For further information regarding this buyback program and other financial matters, investors and stakeholders may contact Sandra Åberg, Vice President of Investor Relations, at +46 70 564 96 89. Additional resources and full transaction details are available via Essity’s press release sections online.
The repurchases were facilitated using the cash flows from current operations, following the distribution of an ordinary dividend. This strategic approach aims at consistently integrating share buybacks into Essity's capital allocation framework over the long run. According to the data disclosed by Essity, the shares were purchased at varying prices over the specified dates, reflecting a weighted average price of SEK 296.3750 for the entire week, culminating in a total expenditure of approximately SEK 48 million.
The details of the transactions are as follows:
- - December 30, 2024: 54,000 shares at an average price of SEK 295.93.
- - January 2, 2025: 54,000 shares at an average price of SEK 295.91.
- - January 3, 2025: 54,000 shares at an average price of SEK 297.28.
These repurchases were all conducted on Nasdaq Stockholm through Danske Bank, the bank acting on behalf of Essity. With these recent acquisitions, Essity's total treasury shares now stand at 7,506,000 Class B shares as of January 7, 2025. The comprehensive approach to stock repurchasing contributes to refining the capital structure and enhancing shareholder value, crucial aspects for maintaining investor confidence and supporting market reputation.
By the date of this announcement, the company's aggregate shares totaled 702,342,489, with 59,973,654 Class A shares and 642,368,835 Class B shares.
Essity's long-term commitment to fostering shareholder value through strategic buybacks underscores a robust corporate governance structure and solid operational performance. The ongoing buyback activities are expected to significantly influence market perceptions and investor sentiment, establishing a stronger foothold in the stock market while rewarding its shareholders. For further information regarding this buyback program and other financial matters, investors and stakeholders may contact Sandra Åberg, Vice President of Investor Relations, at +46 70 564 96 89. Additional resources and full transaction details are available via Essity’s press release sections online.
Topics Financial Services & Investing）
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