Essity's Successful Class B Share Buyback Achieves Major Milestone in 2025
Essity's Class B Shares Repurchase Program
In the week spanning from January 13 to 17, 2025, Essity Aktiebolag successfully repurchased 270,000 of its Class B shares. This initiative aligns with the company's commitment to return capital to its shareholders and optimize the capital structure under the predetermined buyback program established by the Board of Directors. This program was originally announced on June 17, 2024, with an ambitious budget of SEK 3 billion, flowing directly from the firm's operating cash flow after dividend payments.
Details of the Buyback
During the specified week, the details of the repurchases were meticulously recorded. The stock buybacks were executed through Nasdaq Stockholm with the assistance of Danske Bank, reflecting an organized and regulatory-compliant process aligned with the EU Market Abuse Regulation and the European Commission's Safe Harbour Regulation. The breakdown of shares repurchased was as follows:
| Date | Shares Bought | Avg. Price (SEK) | Total Transaction Value (SEK) |
|---|---|---|---|
| --- | --- | ----- | ------- |
| January 13 | 54,000 | 291.0612 | 15,717,305 |
| January 14 | 54,000 | 292.3368 | 15,786,187 |
| January 15 | 54,000 | 291.6026 | 15,746,540 |
| January 16 | 54,000 | 292.6438 | 15,802,765 |
| January 17 | 54,000 | 298.7988 | 16,135,135 |
| Total | 270,000 | 293.2886 | 79,187,932 |
Overall Buyback Performance
Cumulatively, Essity has repurchased a remarkable total of 7,992,000 shares since the inception of this buyback initiative, with an average repurchase price of SEK 300.1548, resulting in a total value of approximately SEK 2.4 billion spent to date. This strategic move exemplifies the company’s intent to enhance shareholder value while maintaining a robust financial profile.
Future Implications
As of January 17, 2025, Essity holds a total of 7,992,000 treasury shares, out of a grand total of 702,342,489 shares, which include both Class A and Class B shares. The ongoing buyback program aims not only to support the company's stock price but also to instill confidence among investors regarding Essity's long-term financial health and commitment to capital return strategies.
For further inquiries regarding the buyback details, Sandra Åberg, Vice President of Investor Relations, can be reached at +46 70 564 96 89.
This structured and disciplined approach to share repurchases marks a significant step for Essity in its operational strategy and reflects a forward-thinking attitude towards shareholder engagement.
Topics Financial Services & Investing）
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