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Essity Reports Share Conversion That Marginally Reduces Voting Power Concentration

Story Highlights
  • Essity reported that 146,000 Class A shares were converted into Class B shares in December.
  • The conversion slightly reduced total voting rights to 1.22 billion while overall share count remained unchanged.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Essity Reports Share Conversion That Marginally Reduces Voting Power Concentration

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Essity AB ( ($SE:ESSITY.B) ) has provided an update.

Essity has disclosed a change in its share structure following the conversion of 146,000 Class A shares into Class B shares at the request of shareholders. The move, which reduces the company’s total voting rights to 1,216,860,411 while keeping the overall number of registered shares unchanged at 693,054,489, reflects ongoing shareholder use of the company’s share-class conversion mechanism and marginally dilutes concentrated voting power among Class A holders, potentially supporting a broader base of investor influence over time.

The most recent analyst rating on ($SE:ESSITY.B) stock is a Hold with a SEK253.00 price target. To see the full list of analyst forecasts on Essity AB stock, see the SE:ESSITY.B Stock Forecast page.

More about Essity AB

Essity is a global leading hygiene and health company whose products, solutions and services are used daily by around one billion people worldwide. It sells in roughly 150 countries under major brands including TENA, Tork, Libero, Libresse, Tempo, Modibodi and others, generated net sales of about SEK 146 billion (EUR 13 billion) in 2024, employs 36,000 people, is headquartered in Stockholm, Sweden and is listed on Nasdaq Stockholm.

Average Trading Volume: 1,279,326

Technical Sentiment Signal: Buy

Current Market Cap: SEK181.5B

For detailed information about ESSITY.B stock, go to TipRanks’ Stock Analysis page.

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