Correction: The table in the press release on 12 February 2024 regarding buybacks of shares for week 6 contained some incorrect numbers in the columns “Weighted average share price per day (SEK)” and “Total daily transaction value (SEK)”. Below is the corrected table.
Press release
CORRECTION: Buybacks of shares by H&M during week 6, 2024
Between 05 February 2024 and 09 February 2024 H & M Hennes & Mauritz AB (publ) (LEI code 529900O5RR7R39FRDM42) has repurchased in total 1,344,500 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 volume (number of shares): |
Weighted average share price per day (SEK): |
Total daily transaction value (SEK): |
|
5 February 2024 |
457,800 |
141.2060 |
64,644,107 |
|
6 February 2024 |
220,000 |
141.2672 |
31,078,784 |
|
7 February 2024 |
350,000 |
139.3411 |
48,769,385 |
|
8 February 2024 |
170,000 |
139.9522 |
23,791,874 |
|
9 February 2024 |
146,700 |
140.6490 |
20,633,208 |
|
Total accumulated over week 6/2024 |
1,344,500 |
140.5112 |
188,917,358 |
|
Total accumulated during the buyback programme |
16,018,474 |
159.6985 |
2,558,125,474 |
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 16,018,474 B shares as of 09 February 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 1,613,668,363.
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. |