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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 Weighted average Total daily
volume (number of share price per day transaction value
shares): (SEK): (SEK):
26 February 197,500 140.9225 27,832,194
2024
27 February 198,500 141.8922 28,165,602
2024
28 February 227,000 141.1026 32,030,290
2024
29 February 194,000 140.4536 27,247,998
2024
1 March 192,880 141.3473 27,263,067
2024
Total 1,009,880 141.1446 142,539,151
accumulated
over
week 9/2024
Total 19,144,612 156.6820 2,999,615,803
accumulated
during the
buyback
programme
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 - 22December 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: +46734659392
E-mail:
For more information from the H&M group and press images visit hmgroup.com/media.
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.