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

Gentofte, DENMARK

Company Announcement
No. 59/2022


Copenhagen, 3 Oct 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 26 September to 30 September 2022:

 Number of sharesAverage
purchase price, DKK
Transaction value, DKK
Accumulated, last announcement3,476,863 459,435,745
26-Sep-22 20,980 108.87 2,284,143
27-Sep-22 16,710 109.50 1,829,797
28-Sep-22 25,133 108.13 2,717,694
29-Sep-22 24,022 109.19 2,623,015
30-Sep-22 28,446 110.41 3,140,845
Total, 26 September - 30 September 2022 115,291  109.25  12,595,494
Bought from CAF, 30 September 2022* 51,452 109.25 5,621,110
Bought from CWO, 30 September 2022* 23,820  109.25  2,602,325
Accumulated under the programme3,667,426  480,254,674

*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 26 September – 30 September 2022 is attached to this announcement.

Following the above transactions Scandinavian Tobacco Group A/S owns a total of 4,113,488 treasury shares, corresponding to 4.42% of the total share capital.

For further information, please contact:
Torben Sand, Head of Investor Relations,
phone: +45 5084 7222 or



Company Announcement no 59 2022 PUBLIC_SBB_SCANDINAVIAN TOBACCO GROUP PDMR notification CAF 30 Sep 2022 PDMR notification CWO 30 Sep 2022