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

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

Company Announcement
No. 45/2022

Copenhagen, 11 July 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 4 July to 8 July , 2022:

 

Number of shares

Average
purchase price, DKK

Transaction value, DKK

Accumulated, last announcement

1,669,219

 

240,487,710

27 June 2022

12,873

139.37

1,794,092

28 June 2022

19,320

139.91

2,645,097

29 June 2022

15,000

134.62

2,019,360

30 June 2022

12,670

135.15

1,712,333

1 July 2022

9,450

136.38

1,288,766

Total, 27 June-1 July 2022

69,313

136.48

9,459,649

Bought from CAF, 1 July 2022*

30,933

136.48

4,221,651

Bought from CWO, 1 July 2022*

14,320

136.48

1,954,354

Accumulated under the programme

1,783,785

 

256,123,364

*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 4 July –8 July 2022 is attached to this announcement.

Following the above transactions Scandinavian Tobacco Group A/S owns a total of 2,229,847 treasury shares, corresponding to 2.40% 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

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