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

Gentofte, DENMARK


Company Announcement
No. 62/2022

 

Copenhagen, 24 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 17 October to 21 October 2022:

 Number of sharesAverage
purchase price, DKK
Transaction value, DKK
Accumulated, last announcement4,004,306 518,629,090
17-Oct-22 20,000 120.40 2,407,916
18-Oct-22 14,857 119.98 1,782,577
19-Oct-22 20,000 119.70 2,394,098
20-Oct-22 12,040 120.12 1,446,187
21-Oct-22 26,140 119.60 3,126,360
Total, 17 October – 21 October 2022  93,037 119.92 11,157,138
Bought from CAF, 21 October 2022* 41,521 119.92 4,979,261
Bought from CWO, 21 October 2022* 19,222  119.92  2,305,131
Accumulated under the programme4,158,086  537,070,620

*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 17 October – 21 October 2022 is attached to this announcement.

Following the above transactions Scandinavian Tobacco Group A/S owns a total of 4,604,148 treasury shares, corresponding to 4.95% 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

Attachments



Attachments

Company Announcement no 62 2022 PDMR notification CAF 21 Oct 2022 PDMR notification CWO 21 Oct 2022 PUBLIC_SBB_SCANDINAVIAN TOBACCO GROUP