Essity Completes Class B Share Buyback Program Successfully
Essity Completes Class B Share Buyback Program Successfully
In a significant move to enhance shareholder value, Essity Aktiebolag has successfully completed its buyback program for Class B shares. The initiative spanned from March 10 to March 13, 2025, during which the company repurchased a total of 188,500 shares. This action marks a crucial milestone under the established buyback framework endorsed by the Board of Directors, initiated back on June 17, 2024.
The total number of shares repurchased under this program reached 10,070,500, with expenditures totaling SEK 3 billion. The funds utilized for this buyback were derived from the cash flow generated from ongoing operations, post the disbursement of regular dividends. This indicates the company’s commitment to returning value to its shareholders as part of a consistent capital allocation strategy.
In accordance with the EU Market Abuse Regulation and the European Commission's Safe Harbour Regulation, the repurchase was carried out through organized trading on Nasdaq Stockholm, facilitated by Danske Bank on behalf of Essity. Here's a breakdown of the repurchases made during week 11 in 2025:
| Date | Aggregated Daily Volume | Weighted Average Price (SEK) | Total Daily Transaction Value (SEK) |
|---|---|---|---|
| ---- | ----- | ------ | ------- |
| March 10, 2025 | 54,000 | 308.59 | 16,663,838 |
| March 11, 2025 | 54,000 | 308.84 | 16,677,090 |
| March 12, 2025 | 54,000 | 303.97 | 16,414,186 |
| March 13, 2025 | 26,500 | 299.14 | 7,927,125 |
The cumulative total of 188,500 shares purchased during this week had a weighted average price of SEK 306.01, totaling approximately SEK 57.68 million. Following these transactions, the company’s treasury holdings consisted of 10,070,500 Class B shares as of March 13, 2025. Overall, Essity’s share count on this date reached 702,342,489, comprised of 58,973,654 Class A shares and 643,368,835 Class B shares.
Looking forward, Essity aims to regularly engage in share repurchases as a part of its long-term strategy, further reinforcing its financial health and commitment to shareholder returns. This approach not only underscores the company's robust cash position but also reflects its proactive stance in navigating market dynamics.
For further details regarding this share buyback initiative, you can reach out to Sandra Åberg, Vice President of Investor Relations, at +46 70 564 96 89, or via email at [email protected].
In conclusion, the success of the Class B share buyback is a testament to Essity's sustainable capital management strategy, ensuring that the interests of its shareholders remain a top priority while it continues to flourish in a competitive marketplace.
Topics Financial Services & Investing）
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