ETTYF - Buyback of Class B shares in Essity during week 28 2024 | Benzinga
STOCKHOLM, July 15, 2024 /PRNewswire/ -- Between July 8, 2024, and July 12, 2024, Essity Aktiebolag (publ) repurchased a total of 270,000 own Class B shares (OTC:ETTYF) under the framework of the buyback program as resolved by the Board of Directors.
The share purchase is part of the SEK 3bn buyback program announced by Essity on June 17, 2024. The buyback program will extend from June 17, 2024, until the 2025 Annual General Meeting and be implemented in accordance with the EU Market Abuse Regulation (MAR) and the European Commission's Delegated Regulation 2016/1052 (Safe Harbour Regulation).
The share repurchase is financed using cash flow from current operations after the ordinary dividend with the ambition to continue with share buybacks over time as a recurring part of Essity's capital allocation.
Class B shares in Essity were repurchased as follows:
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