COMPANY ANNOUNCEMENT
No. 37/2016
Copenhagen, 15 August 2016
Transactions in Connection
with Share Buy-back Programme
On 30 May 2016 Scandinavian Tobacco Group A/S ("STG") announced that a share share buy-back programme of up to 412,462 shares and a maximum consideration of DKK 55m was launched with the purpose of hedging obligations arising from STG's share based incentive schemes.
The buy-back programme is executed in accordance with Commission Regulation (EC) no 2273/2003 of 22 December 2003 and from 3 July 2016 in accordance with Article 5 of Regulation (EU) no 596/2014 of 16 April 2014 (the so-called Safe Harbour method). The share buy-back programme will end no later than 30 September 2016.
The following transactions have been executed in the period 8 - 12 August 2016:
Number of shares | Average purchase price, DKK | Transaction value, DKK | |
8 August 2016 | 6,463 | 119.15 | 770,094 |
9 August 2016 | 2,037 | 118.63 | 241,651 |
10 August 2016 | 3,500 | 117.23 | 410,300 |
11 August 2016 | 3,084 | 115.02 | 354,735 |
12 August 2016 | 890 | 115.48 | 102,778 |
Accumulated for the period | 15,974 | 117.66 | 1,879,557 |
Accumulated under the programme | 352,638 | 110.00 | 38,790,794 |
A detailed overview of transactions during the period 8 - 12 August 2016 is attached to this announcement.
Following the above transactions STG owns a total of 352,638 treasury shares, corresponding to 0.353 % of the total share capital.
For further information, please contact:
For media enquiries:
Kaspar Bach Habersaat, Director of Group Communications, phone: +45 7220 7152
or kaspar.bach@st-group.com.
For investor enquiries:
Torben Sand, Head of Investor Relations, phone: +45 7220 7126 or torben.sand@st-group.com.