Scandinavian Tobacco Group A/S: Transactions in connection

Company Announcement
No. 46/2022

Copenhagen, 18 July 2022

Transactions in connection with share buy-back programme

On 19 May 2022, Scandinavian Tobacco Group A/S announced that the share buy-back programme that was initiated 9 March 2022 was increased to an aggregated value of up to DKK 1,000 million. The purpose of the programme is to adjust the Company’s capital structure and meet obligations relating to the Group’s share-based incentive programme.

Part of the buy-back programme is executed in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Another part of the share buy-back programme is conducted as a directed buy-back from Chr. Augustinus Fabrikker Aktieselskab and C.W. Obel A/S as further described in company announcement no. 35/2022. The share buy-back programme will end no later than 28 February 2023.

The following transactions have been executed from 11 July to 15 July , 2022:

	Number of shares	Average purchase price, DKK	Transaction value, DKK
Accumulated, last announcement	1,783,785		256,123,364
11 July 2022	18,550	135.54	2,514,299
12 July 2022	14,830	137.76	2,042,976
13 July 2022	12,960	137.21	1,778,238
14 July 2022	17,170	137.38	2,358,797
15 July 2022	4,954	136.82	677,818
Total, 11 July-15 July 2022	68,464	136.89	9,372,119
Bought from CAF, 15 July 2022*	30,554	136.89	4,182,574
Bought from CWO, 15 July 2022*	14,145	136.89	1,936,326
Accumulated under the programme	1,896,948		271,614,383

*According to separate agreements as from 20 May 2022 Chr. Augustinus Fabrikker Aktieselskab (CAF) participates on a 27.0% pro-rata basis and C.W.Obel A/S (CWO) participates on a 12.5% pro-rata basis to the shares purchased in the share buy-back programme.

A detailed overview of transactions during the period 11 July –15 July 2022 is attached to this announcement.

Following the above transactions Scandinavian Tobacco Group A/S owns a total of 2,343,010 treasury shares, corresponding to 2.52% of the total share capital.

For further information, please contact:
Torben Sand, Head of Investor Relations,
phone: +45 5084 7222 or torben.sand@st-group.com

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Scandinavian Tobacco Group A/S: Transactions in connection with share buy-back programme

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