Buybacks of shares by H&M during week 9, 2024. The share buyback programme is now complete and has been closed.
Between 26 February 2024 and 1 March 2024 H & M Hennes & Mauritz AB (publ) (LEI code 529900O5RR7R39FRDM42) has repurchased in total 1,009,880 own B shares (ISIN: SE0000106270) as part of the share buyback programme initiated by the board of directors. Shares with a total value of around SEK 3 billion have now been repurchased, and as a result the programme is being closed.
The share buybacks in week 9 form part of the SEK 3.0 billion share buyback programme that H&M announced on 27 September 2023. The share buyback programme, which ran between 27 September 2023 and no later than 31 March 2024, made its final purchases of shares on 1 March and is now closed. The programme has been 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 volume (number of shares): |
Weighted average share price per day (SEK): |
Total daily transaction value (SEK): |
|
26 February 2024 |
197,500 |
140.9225 |
27,832,194 |
|
27 February 2024 |
198,500 |
141.8922 |
28,165,602 |
|
28 February 2024 |
227,000 |
141.1026 |
32,030,290 |
|
29 February 2024 |
194,000 |
140.4536 |
27,247,998 |
|
1 March 2024 |
192,880 |
141.3473 |
27,263,067 |
|
Total accumulated over week 9/2024 |
1,009,880 |
141.1446 |
142,539,151 |
|
Total accumulated during the buyback programme |
19,144,612 |
156.6820 |
2,999,615,803 |
From and including 27 December 2023 all acquisitions have been 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 19,144,612 B shares as of 1 March 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 1,610,542,225.
A full breakdown of the transactions is attached to this announcement.
Contact:
Joseph Ahlberg, Head of Investor Relations
Telephone: +46 73 465 93 92
E-mail: joseph.ahlberg@hm.com
For more information from the H&M group and press images visit hmgroup.com/media.
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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. |