India, April 23 -- Essity announced that it has initiated a new program to repurchase Class B shares worth 3 billion Swedish kronor. The program begins April 24, 2025, and will run until the 2026 Annual General Meeting at the latest.
The share repurchase will be 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 the company's capital allocation, Essity said in a statement.
According to the company, the total number of its shares is 693,054,489, of which 58,973,654 Class A shares and 634,080,835 Class B shares. Essity currently holds 782,500 Class B shares in treasury.
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