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

Gentofte, DENMARK

Company Announcement
No. 9/2023


Copenhagen, 20 February 2023

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 13 February to 17 February 2023:

  Number of shares Average
purchase price, DKK
Transaction value, DKK
Accumulated, last announcement 5,859,505   744,544,968
13-Feb-23  11,374 119.66  1,361,025
14-Feb-23  20,000 120.13  2,402,508
15-Feb-23  15,000 120.58  1,808,766
16-Feb-23  10,000 119.67  1,196,724
17-Feb-23  7,177 118.92  853,496
Total, 13 February – 17 February 2023  63,551  119.94  7,622,519
Bought from CAF, 17 February 2023*  28,361  119.94  3,401,713
Bought from CWO, 17 February 2023*  13,130  119.94  1,574,856
Accumulated under the programme 5,964,547   757,144,057

*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 13 February – 17 February 2023 is attached to this announcement.

Following the above transactions Scandinavian Tobacco Group A/S owns a total of 6,410,609 treasury shares, corresponding to 6.89% of the total share capital.

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

About Scandinavian Tobacco Group

Scandinavian Tobacco Group A/S is a world-leading manufacturer of handmade and machine-rolled cigars with an annual production of more than four billion cigars. The Group holds market-leading positions in several categories and its products are sold in more than 100 markets.

Scandinavian Tobacco Group has its headquarters in Copenhagen, Denmark – and employs approximately 10,000 people in Europe, the US, Canada, the Dominican Republic, Honduras, Nicaragua, Indonesia and Sri Lanka. For more information please visit



Company Announcement no 9 2023 PDMR notification CAF 17 Feb 2023 PDMR notification CWO 17 Feb 2023 PUBLIC_SBB_SCANDINAVIAN TOBACCO GROUP