Nasdaq Stockholm has admitted Essity shares to trading, with effect from 15 June 2017. The company’s registered share capital is SEK 2.35bn.
In the context of the proposed split of Svenska Cellulosa Aktiebolaget (SCA) into two separate listed companies, SCA has published the prospectus for the forthcoming listing of Essity Aktiebolag at the Nasdaq stock exchange in Stockholm. According to the prospectus dated 7 June, Essity AB's share capital consists of slightly more than 702 million shares, of which 64.59 million Class A and 637.75 million Class B shares. Each share has a value of approximately SEK3.35.
Nasdaq Stockholm’s listing committee reportedly decided to admit Essity AB shares to listing and trading by a decision on 30 May. The first day of trading is expected to be 15 June 2017.
Essity AB is the parent company of the Essity group comprising roughly 300 companies in 70 countries all over the world and is headquartered in Stockholm. The company incorporates SCA’s personal care and tissue business divisions; it employed 43,250 people at the end of 2016 and generated net sales of SEK101bn in 2016.