According to Essity's articles of association, owners of Class A shares have the right to have such shares converted to Class B shares. Conversion reduces the total number of votes in the company. When such a conversion has occurred, the company is obligated by law to disclose any such changes in this manner.
In January, at the request of shareholders, 50,000 Class A shares were converted to Class B shares. The total number of votes in the company thereafter amounts to 1,252,772,715.
The total number of registered shares in the company amounts to 702,342,489 of which 61,158,914 are Class A shares and 641,183,575 are Class B shares.
NB: This information is such that Essity must disclose in accordance with the Financial Instruments Trading Act. The information was submitted for publication on January 31, 2023, at 08:00 CET.
For further information, please contact:
Karl Stoltz, Media Relations Director, +46 709 42 63 88, karl.stoltz@essity.com
Essity is a leading global hygiene and health company. We are dedicated to improving well-being through our products and services. Sales are conducted in approximately 150 countries under the leading global brands TENA and Tork, and other strong brands, such as Actimove, JOBST, Knix, Leukoplast, Libero, Libresse, Lotus, Modibodi, Nosotras, Saba, Tempo, TOM Organic, Vinda and Zewa. Essity has about 48,000 employees. Net sales in 2022 amounted to approximately SEK 156bn (EUR 15bn). The company's headquarters is located in Stockholm, Sweden, and Essity is listed on Nasdaq Stockholm. Essity breaks barriers to well-being and contributes to a healthy, sustainable and circular society. More information at www.essity.com.
https://news.cision.com/essity/r/conversion-of-shares,c3704674
https://mb.cision.com/Main/15798/3704674/1810447.pdf
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