Buybacks of shares by H&M during week 1, 2024
Between 2 January 2024 and 5 January 2024 H & M Hennes & Mauritz AB (publ) (LEI code 529900O5RR7R39FRDM42) has repurchased in total 738,500 own B shares (ISIN: SE0000106270) as part of the share buyback programme initiated by the board of directors.
The share buybacks form part of the SEK 3.0 billion share buyback programme that H&M announced on 27 September 2023. The share buyback programme, which runs between 27 September 2023 and no later than 31 March 2024, is being carried out in accordance with Regulation (EU) No 596/2014 on market abuse (the Market Abuse Regulation – MAR) and Commission Delegated Regulation (EU) 2016/1052 (the so-called Safe Harbour Regulation).
H&M B shares have been repurchased as follows:
Date: Aggregated daily. Weighted average Total daily transaction
volume (number share price per day. value (SEK):
of shares): (SEK):
2 January 2024 170,000 176.3336 29,976,712
3 January 2024 205,000 171.0493 35,065,107
4 January 2024 156,000 169.8003 26,488,847
5 January 2024 207,500 166.1515 34,476,436
Total accumulated over
week 1/2024 738,500 170.6257 126,007,102
Total accumulated during. 10,445,290 162.8398 1,700,908,909
the buyback programme
From and including 27 December 2023 all acquisitions are being carried out on Nasdaq Stockholm by Citigroup Global Markets Europe AG on behalf of H&M. Earlier acquisitions, i.e. during the period 27 September 2023 – 22 December 2023, were carried out by Danske Bank. Following the above acquisitions, H&M’s holding of own shares amounts to 10,445,290 B shares as of 5 January 2024. The total number of shares in H&M, including the own shares, is 1,629,686,837 and the number of outstanding shares, excluding the own shares, is 1,619,241,547.
A full breakdown of the transactions is attached to this announcement.
About H&M
H & M Hennes & Mauritz AB (publ) was founded in Sweden in 1947 and is quoted on Nasdaq Stockholm. H&M’s business idea is to offer fashion and quality at the best price in a sustainable way. In addition to H&M, the group includes the brands COS, Monki, Weekday, & Other Stories, H&M HOME, ARKET and Afound as well as Sellpy. For further information, visit hmgroup.com.
( Press Release Image: https://photos.webwire.com/prmedia/8/316300/316300-1.jpg )
WebWireID316300
This news content was configured by WebWire editorial staff. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.