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

Scandinavian Tobacco Group A/S

Company Announcement No. 39/2022

Copenhagen, 30 May 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 23 May to 25 May 2022:

	Number of shares	Average purchase price, DKK	Transaction value, DKK
Accumulated, last announcement	913,468		131,539,192
23 May 2022	23,000	147.88	3,401,210
24 May 2022	13,202	148.17	1,956,135
25 May 2022	16,671	150.30	2,505,648
Total, 23 May-25 May 2022	52,873	148.71	7,862,993
Bought from CAF, 25 May 2022*	23,596	148.71	3,509,072
Bought from CWO, 25 May 2022*	10,924	148.71	1,624,560
Accumulated under the programme	1,008,861		144,535,817

*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 23 May–25 May 2022 is attached to this announcement.

Following the above transactions Scandinavian Tobacco Group A/S owns a total of 1,446,923 treasury shares, corresponding to 1.56% 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

• Company Announcement no 39 2022

• 25 MAY 2022 PUBLIC_SBB_SCANDINAVIAN TOBACCO GROUP

• PDMR notification CAF 25 MAY 2022

• PDMR notification CWO 25 MAY 2022