Essity's Class B Share Buyback Program Highlights for 2025
Essity's Class B Share Buyback Announcement
Between January 20 and January 24, 2025, Essity Aktiebolag (publ) took proactive measures by repurchasing a total of 270,000 Class B shares as part of its ongoing buyback initiative. This action was authorized under the directives established by the Board of Directors and reflects the company's commitment to responsible capital management.
Details of the Buyback Program
Essity's buyback program is a significant step in maintaining a robust financial strategy, initially announced with a total allocation of SEK 3 billion. This initiative aims to enhance shareholder value and is designed to extend until the next Annual General Meeting. This program adheres to the guidelines set forth by the EU Market Abuse Regulation (MAR) and the European Commission's Safe Harbour Regulation.
Financial Impact of the Share Repurchase
The repurchased shares were financed through cash generated from ongoing operations, highlighting a deliberate strategy to leverage operational cash flows for capital returns to shareholders. Essity aims to integrate share repurchases as a fundamental aspect of their long-term capital allocation strategy, contributing positively to overall shareholder equity.
Weekly Share Recap
During the week of January 20 to January 24, the share purchases progressed as follows:
Share Purchase Breakdown
On January 20, 2025, the company bought 54,000 shares at a weighted average price of SEK 300.2157. This trend continued with the same volume of shares being repurchased on subsequent days, showcasing a consistent approach towards the buyback strategy.
Aggregated Data for Week 4 2025
By the end of the fourth week, the total purchase reached 270,000 Class B shares, with an accumulated transaction value of SEK 78,829,384 and a weighted average price of SEK 291.9607 per share. This commitment underscores Essity's strategic focus on enhancing shareholder value.
Current State of Treasury Holdings
Following the buybacks, Essity's total holding of treasury shares increased to 8,262,000 Class B shares by January 24, 2025. The total share count for Essity has risen to 702,342,489, which includes both Class A and Class B shares, reflecting a substantially healthy balance of equity.
Contact Information for Inquiries
For further information, please reach out to: Sandra Åberg, Vice President Investor Relations, at +46 70 564 96 89.
Frequently Asked Questions
What is the purpose of Essity's share buyback program?
The share buyback program aims to enhance shareholder value through the strategic management of capital and the reduction of outstanding shares.
How many shares were repurchased during the buyback?
During the specified week, Essity repurchased a total of 270,000 Class B shares.
What was the total transaction value for the repurchased shares?
The total transaction value for the shares repurchased in week 4 of 2025 was SEK 78,829,384.
Who can I contact for more information about the buyback program?
Inquiries can be directed to Sandra Åberg, Vice President Investor Relations, at +46 70 564 96 89 for further information.
What financial strategy does Essity follow with its buyback program?
Essity employs a disciplined approach to financing buybacks through cash flow from operations, underpinning its commitment to returning value to shareholders as part of its capital allocation strategy.
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