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

Scandinavian Tobacco Group A/S
·2-min read
Scandinavian Tobacco Group A/S
Scandinavian Tobacco Group A/S

Company Announcement
No. 33/2024

Copenhagen, 17 June 2024


Transactions in connection with share buy-back programme

On 10 November 2023, Scandinavian Tobacco Group A/S announced that a share buy-back programme of an aggregated value of up to DKK 850 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.

Part of the programme will be conducted 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. 30/2023. The share buy-back programme will end no later than 28 February 2025.

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The following transactions have been executed from 10 June – 14 June 2024:

 

Number of shares

Average
purchase price, DKK

Transaction value, DKK

Accumulated, last announcement

4,021,727

 

457,771,472

10-Jun-24

35,000

96.18

3,366,367

11-Jun-24

34,956

95.35

3,332,978

12-Jun-24

32,000

96.37

3,083,770

13-Jun-24

34,439

95.95

3,304,329

14-Jun-24

23,117

95.86

2,216,005

Total, 10 Jun – 14 Jun 2024

159,512

95.94

15,303,454

Bought from CAF, 14 Jun 2024*

72,445

95.94

6,950,315

Bought from CWO, 14 Jun 2024*

33,409

95.94

3,205,233

Accumulated, under the programme

4,287,093

 

483,230,474

*According to separate agreements as from 10 November 2023 Chr. Augustinus Fabrikker Aktieselskab (CAF) participates on a 27.30% pro-rata basis and C.W.Obel A/S (CWO) participates on a 12.59% pro-rata basis to the shares purchased in the share buy-back programme.

A detailed overview of transactions during the period 10 June – 14 June 2024 is
attached to this announcement.

Following the above transactions Scandinavian Tobacco Group A/S owns a total of 3,668,842 treasury shares, corresponding to 4.27% of the total share capital.

                                   

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

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