#Sweden #share buyback #Stockholm #Essity Aktiebolag #Class B shares

Essity's Strategic Share Buyback Program

Essity Aktiebolag (publ), a well-known hygiene and health company, is making significant moves in the stock market with a buyback initiative of its Class B shares. During the period from November 25 to November 29, 2024, the company acquired a total of 270,000 of its own Class B shares as part of its larger buyback strategy.

This buyback is not just an isolated event; it falls under a program initiated back on June 17, 2024, where Essity announced a substantial buyback plan worth SEK 3 billion. The program aims to enhance shareholder value and maintain a sustainable capital allocation by using cash generated from their operations post-dividend distributions.

Detailed Breakdown of the Buybacks

The detailed transactions for the buybacks during week 48 reveal a consistently managed purchasing strategy:

• - November 25, 2024: Acquired 54,000 shares at a weighted average price of SEK 301.3842, totaling approximately SEK 16,274,747.
• - November 26, 2024: Another 54,000 shares were bought at SEK 301.0421, summing up to around SEK 16,256,273.
• - November 27, 2024: The company continued its buying spree, this time at a slightly higher average price of SEK 305.6634, with the total value reaching SEK 16,505,824 for 54,000 shares.
• - November 28, 2024: A total of 54,000 shares were repurchased at SEK 304.2976 for a total of SEK 16,432,070.
• - November 29, 2024: The final day of this week saw the purchase of 54,000 shares at SEK 298.9760, amounting to about SEK 16,144,704.

Overall, these transactions for the week brought the total repurchase to an accumulated value of SEK 81,613,618 with a weighted average price of SEK 302.2727 per share.

The Bigger Picture

As of November 29, 2024, Essity holds a total of 6,426,000 Class B shares in treasury, while the total outstanding shares amount to 702,342,489. This includes 60,412,986 Class A shares alongside the Class B shares. The buyback program is designed to be responsibly conducted under the regulations of the European Commission's Delegated Regulation and the EU Market Abuse Regulation, ensuring compliance with financial market rules.

Through these strategic repurchases, Essity emphasizes its commitment to returning capital to shareholders while ensuring that its buyback initiatives align with long-term growth strategies. As they continue to progress through this buyback program, the market will watch closely for further updates, especially as these actions bear potential implications for share prices, investor confidence, and overall market performance.

For investors keen on understanding Essity's market maneuvers, the company's Vice President of Investor Relations, Sandra Åberg, remains available for inquiries, highlighting the company’s transparency and willingness to engage with its stakeholder community.