Hennes & Mauritz AB (HNNMY.PK,HMRZF.PK,HEN.L), the Swedish fast fashion major, said on Thursday that it has decided to repurchase 1.100 million of its class B shares for SEK 175 million to ensure the delivery of class B shares to the participants in the company's long-term incentive program.
The buyback will start on June 26 and continue until July 17.
The total number of shares in H&M as of June 26 is 1.604 billion shares, of which 194.4 million are class A shares and 1.410 billion are class B shares. H&M currently holds none of its own shares.
This share repurchase is based on the authorization granted by the 2025 annual general meeting.
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