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

Scandinavian Tobacco Group A/S
·1-min read

Company Announcement
No. 34/2020

Copenhagen, 26 October 2020

Transactions in connection with share buy-back programme

On 28 August 2020, Scandinavian Tobacco Group A/S (“STG”) announced that a share buy-back programme of an aggregated price of up to DKK 300 million was launched with the purpose to adjust the Company’s capital structure and meet obligations relating to the Group’s share-based incentive programme.

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. The share buy-back programme will end no later than 26 February 2021.

The following transactions have been executed from 19 October to 23 October 2020:

Number of shares

Average purchase price, DKK

Transaction value, DKK

Accumulated, last announcement

794,088

76,409,955

19 October 2020

32,000

94.86

3,035,626

20 October 2020

33,000

93.36

3,080,831

21 October 2020

22,264

91.66

2,040,634

22 October 2020

15,436

90.78

1,401,300

23 October 2020

12,297

91.39

1,123,850

Accumulated under the program

909,085

87,092,195

A detailed overview of transactions during the period 19 October – 23 October 2020 is attached to this announcement.

Following the above transactions STG owns a total of 1,185,593 treasury shares, corresponding to 1.19% of the total share capital.

For further information, please contact:
Investors: Torben Sand, Head of Investor Relations,
phone: +45 5084 7222 or torben.sand@st-group.com

Media: Simon Mehl Augustesen, Director of Group Communications,
phone: +1 484-379-8725 or simon.augustesen@st-group.com

Attachments