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

Scandinavian Tobacco Group A/S
Scandinavian Tobacco Group A/S

Company Announcement
No. 64/2022

Copenhagen, 31 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 24 October to 28 October 2022:

 

Number of shares

Average
purchase price, DKK

Transaction value, DKK

Accumulated, last announcement

4,158,086

 

537,070,620

24-Oct-22

7,425

120.55

895,117

25-Oct-22

11,317

123.44

1,396,951

26-Oct-22

14,567

125.15

1,823,031

27-Oct-22

22,745

125.17

2,846,973

28-Oct-22

22,577

124.80

2,817,573

Total, 24 October – 28 October 2022

 78,631

 124.37

 9,779,646

Bought from CAF, 28 October 2022*

35,092

124.37

4,364,530

Bought from CWO, 28 October 2022*

16,245

124.37

2,020,454

Accumulated under the programme

4,288,054

 

553,235,251

*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 24 October – 28 October 2022 is attached to this announcement.

Following the above transactions Scandinavian Tobacco Group A/S owns a total of 4,734,116 treasury shares, corresponding to 5.09% 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