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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. 1/2023

Copenhagen, 2 Jan 2023


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 27 December to 30 December 2022:

 

Number of shares

Average
purchase price, DKK

Transaction value, DKK

Accumulated, last announcement

5,239,871

 

671,511,639

 

 

 

 

27-Dec-22

12,000

123.60

1,483,200

28-Dec-22

10,961

122.72

1,345,125

29-Dec-22

8,070

122.24

986,483

30-Dec-22

8,081

122.37

988,864

Total, 27 December – 30 December 2022

 39,112

 122.82

 4,803,672

Bought from CAF, 30 December 2022*

17,455

122.82

2,143,795

Bought from CWO, 30 December 2022*

8,080

122.82

992,372

Accumulated under the programme

5,304,518

 

679,451,479

*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 27 December – 30 December 2022 is attached to this announcement.

Following the above transactions Scandinavian Tobacco Group A/S owns a total of 5,750,580 treasury shares, corresponding to 6.18% 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