Essity's Week 4 Buyback of Class B Shares: Key Highlights

Author: Olivia Taylor Updated: 01-27-2025 05:42 AM

Overview of Essity's Buyback Program

Essity Aktiebolag has recently engaged in a significant buyback initiative of its Class B shares. During a specific week, the company repurchased a total of 270,000 Class B shares under its established buyback program. This move is part of a larger financial strategy aimed at optimizing capital allocation and enhancing shareholder value.

Financial Context of the Repurchase

The buyback program is notable, amounting to SEK 3 billion, and was initially announced last year. It included comprehensive plans to continue share repurchases up to the upcoming Annual General Meeting, aligning with regulatory guidelines to ensure compliance with market regulations.

Details of the Share Transactions

Here are the details concerning the share repurchases that took place over the week:

Transaction Overview

This past week saw purchases carried out with precision and strategy, with transactions conducted through Nasdaq Stockholm via Danske Bank. Daily specifics of these buybacks showcase the calculated approach to enhancing shareholder equity:

**January 20:** Purchased 54,000 shares at SEK 300.2157
**January 21:** Another 54,000 shares were bought for SEK 300.9568
**January 22:** An additional 54,000 shares were acquired at SEK 300.1234
**January 23:** The same volume was employed yet again, this time at SEK 280.8778
**January 24:** Final purchase for the week, securing another 54,000 shares at SEK 277.6297

These efforts collectively totaled to 270,000 shares, with an impressive weighted average price of SEK 291.9607.

Total Shares Held Post-Purchase

Following these transactions, the number of treasury shares held by Essity amounted to a significant total of 8,262,000 Class B shares. The entire issued share capital now stands at 702,342,489 shares, which is composed of both Class A and Class B shares.

The Rationale Behind Buybacks

Repurchasing shares can be interpreted as a positive signal to the market, indicating that Essity is confident in its future growth and capital structure. These buybacks are financed through cash flow generated from current operations, further reinforcing the company's financial health.

Contact for Investor Relations

For any inquiries pertaining to this buyback or shareholder matters, investors may reach out to Sandra Åberg, Vice President of Investor Relations. She can be contacted at +46 70 564 96 89 or via email at sandra.aberg@essity.com.

Frequently Asked Questions

What was the total number of shares repurchased in week 4?

Essity repurchased a total of 270,000 Class B shares during the designated week.

What is the objective of Essity's buyback program?

The main objectives include optimizing capital allocation, enhancing shareholder value, and signaling confidence in the company's future performance.

Who conducted the share purchases for Essity?

The buybacks were executed by Danske Bank on behalf of Essity on the Nasdaq Stockholm exchange.

What was the average price per share during the transactions?

The weighted average price for the shares bought back during this week was SEK 291.9607.

How can investors get in touch for more information?

Investors can reach Sandra Åberg at +46 70 564 96 89 or email her at sandra.aberg@essity.com.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

Contact Olivia Taylor here.

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