Funds Discontinue Lawsuit Against Essity Regarding Bond Loans

The funds that initiated legal proceedings against Essity in English courts over bond loans issued by the company have chosen to discontinue their action. The case is now closed. This development follows Essity's announcement on October 17, 2024, that it received requests for early redemption from certain investors on bonds maturing in 2029, 2030, and 2031.​

In December 2024, the funds launched proceedings against Essity. The parties reached an agreement stipulating no mutual claims related to Essity's sale of its Vinda shares. The funds then withdrew their lawsuit before the court.​

Essity maintains its position that the action lacked merit and confirms no payments or compensation were provided to the funds in connection with the dispute. The announcement complies with EU Market Abuse Regulation requirements.