Essity Completes Class B Share Buyback Program Successfully
Essity's Successful Buyback Program Completion
Recently, Essity Aktiebolag (publ) completed a significant milestone in its buyback program, successfully repurchasing Class B shares. This program aimed to enhance shareholder value and optimize capital allocation.
Overview of Recent Share Purchases
During a designated timeframe, Essity repurchased a total of 188,500 Class B shares from the market. The purchases were carried out with the intention of reinforcing the company’s stance on capital management and to potentially increase shareholder returns.
Financial Impact of the Buyback
The entirety of the repurchase was financed using cash flows generated from Essity's operational performance, post the distribution of ordinary dividends. With this approach, Essity signifies its commitment toward maintaining a steady and reliable capital allocation strategy.
Regulatory Compliance and Share Data
This buyback program was conducted in strict adherence to the EU Market Abuse Regulation (MAR), ensuring transparency and compliance throughout the process. As a result of these buybacks, Essity held a total of 10,070,500 Class B shares as of the program's conclusion. This is a positive development for the company, which now possesses a total of 702,342,489 shares, consisting of 58,973,654 Class A shares and 643,368,835 Class B shares.
Summary of Class B Share Purchases
The repurchase activity for the week included several notable transactions. For example, on March 10, 2025, 54,000 shares were bought at a weighted average price of 308.5896 SEK, totaling over 16 million SEK in value. This trend continued with similar purchases throughout the week, culminating in a total accumulation of 188,500 shares with a weighted average price of 306.0066 SEK.
Future Outlook for Share Buybacks
Essity remains optimistic about the potential for further share buybacks, considering them a regular part of its capital allocation. By executing these transactions strategically, Essity aims to create sustained value for its stakeholders.
Conclusion on the Buyback Completion
The completion of this buyback program marks a crucial point for Essity, reflecting its ongoing commitment to strengthening shareholder value. Through careful execution and adherence to financial strategy, Essity's proactive approach establishes a foundation for future growth and shareholder engagement.
Frequently Asked Questions
What was the total number of shares repurchased by Essity?
Essity repurchased a total of 10,070,500 Class B shares during its buyback program.
How was the buyback program financed?
The buyback program was financed using cash flow generated from Essity's ongoing operations after paying ordinary dividends.
What regulations governed the buyback process?
The buyback program complied with the EU Market Abuse Regulation (MAR) and other relevant regulations to ensure transparency and legality.
When did the buyback program commence?
The buyback program was initially launched on June 17, 2024, before reaching its completion.
Who can be contacted for more information?
For further information, Sandra Åberg, Vice President of Investor Relations, is available at +46 70 564 96 89.
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