#Sweden #Stockholm #Class B shares #Buyback program #Essity

Essity's Class B Share Buyback: December 2024 Overview

In a strategic move to enhance shareholder value, Essity Aktiebolag (publ) has successfully completed a repurchase of 108,000 Class B shares over the course of December 23-27, 2024. This initiative is part of a larger SEK 3 billion buyback program that was announced earlier this year on June 17, 2024. The buyback program, which will continue until the company's Annual General Meeting in 2025, is integral to Essity's long-term capital allocation strategy.

Details of the Buyback

The recent buyback was executed under the framework set forth by the Board of Directors, adhering to regulations specified by the EU Market Abuse Regulation (MAR) and the European Commission's Delegated Regulation 2016/1052, commonly referred to as the Safe Harbour Regulation. It is noteworthy that the repurchase was financed through cash flow derived from ongoing operations after the declaration of the ordinary dividend. This highlights Essity's robust financial position and its commitment to returning value to shareholders.

During this five-day period, the share repurchase broke down as follows:

• - December 23, 2024: 54,000 shares were bought at an average price of SEK 293.41.
• - December 27, 2024: Another 54,000 shares were acquired at an average price of SEK 295.39.

In total, this buyback amounted to a cumulative transaction value of SEK 31,795,043, with a weighted average purchase price of SEK 294.40 per share. This activity brings the total shares repurchased during the current buyback program to approximately 7.34 million.

Future Plans and Impact

The buyback program initiated by Essity is not merely a one-off event; it represents a commitment to continually engage in share repurchases over time, viewing this as a viable aspect of their capital allocation policy. Essity currently holds a total of 7,344,000 treasury Class B shares, contributing to the overall share count of 702,342,489, which includes 59,973,654 Class A shares and 642,368,835 Class B shares as of the date of this release.

This proactive management approach aligns well with Essity’s goal of enhancing shareholder value and optimizing its capital structure. Investors can anticipate further updates concerning share repurchases as the company moves into 2025 and beyond.

For those seeking more information regarding this buyback or other investor relations activities, please reach out to Sandra Åberg, Vice President Investor Relations at +46 70 564 96 89. You can also find comprehensive transaction details appended to the company’s official press release.

As Essity progresses through its buyback program, the financial community will be closely monitoring the impacts on share value and overall market perception, particularly as the company gears up for its report on quarter four and full-year 2024 results, set to be revealed on January 23, 2025.