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

Gentofte, DENMARK


Company Announcement
No. 69/2022

 

Copenhagen, 28 Nov 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 21 November to 25 November 2022:

  Number of shares Average
purchase price, DKK
Transaction value, DKK
Accumulated, last announcement 4,631,249   595,668,867
21-Nov-22  11,444 123.86  1,417,453
22-Nov-22  19,184 125.02  2,398,330
23-Nov-22  22,660 125.88  2,852,486
24-Nov-22  29,720 125.19  3,720,748
25-Nov-22  2,141 124.89  267,391
Total, 21 November – 25 November 2022  85,149  125.15  10,656,408
Bought from CAF, 25 November 2022*  38,001 125.15  4,755,830
Bought from CWO, 25 November 2022*  17,592  125.15  2,201,641
Accumulated under the programme 4,771,991   613,282,745

*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 21 November – 25 November 2022 is attached to this announcement.

Following the above transactions Scandinavian Tobacco Group A/S owns a total of  5,218,053 treasury shares, corresponding to 5.61% 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 69 2022 PDMR notification CAF 25 Nov 2022 PDMR notification CWO 25 Nov 2022 PUBLIC_SBB_SCANDINAVIAN TOBACCO GROUP