Scandinavian Tobacco Group A/S: Transactions in connection with share buy-back programme
| Company Announcement | ||||
| No. 37/2023 | ||||
| Copenhagen, 27 December 2023 | ||||
| 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 Euro-pean Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and Com-mission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. An-other 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 an-nouncement no. 30/2023. The share buy-back programme will end no later than 28 February 2025. | ||||
| The following transactions have been executed from 18 December – 22 December 2023: | ||||
| Number of shares | Average purchase price, DKK | Transaction value, DKK | ||
| Accumulated, last announcement | 528,159 | 62,457,391 | ||
| 18-Dec-23 | 23,000 | 114.49 | 2,633,183 | |
| 19-Dec-23 | 23,000 | 115.50 | 2,656,500 | |
| 20-Dec-23 | 8,800 | 116.68 | 1,026,758 | |
| 21-Dec-23 | 15,000 | 115.33 | 1,729,901 | |
| 22-Dec-23 | 4,229 | 116.35 | 492,042 | |
| Total, 18 Dec – 22 Dec 2023 | 74,029 | 115.34 | 8,538,383 | |
| Bought from CAF, 22 Dec 2023* | 33,621 | 115.34 | 3,877,791 | |
| Bought from CWO, 22 Dec 2023* | 15,505 | 115.34 | 1,788,321 | |
| Accumulated, under the programme | 651,314 | 76,661,886 | ||
| *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 18 December – 22 December 2023 is attached to this announcement. | ||||
| Following the above transactions Scandinavian Tobacco Group A/S owns a total of 1,033,063 treasury shares, corresponding to 1.19% of the total share capital. | ||||
| For further information, please contact: | ||||
| Torben Sand, Head of IR & Communication, phone +45 5084 7222 or [email protected] | ||||
| Eliza Dabbagh, IR and Communication, phone +45 5080 7619 or [email protected] | ||||
| About Scandinavian Tobacco Group | ||||
| Scandinavian Tobacco Group A/S is a world-leading manufacturer of handmade and machine-rolled cigars with an annual production of more than four billion cigars. The Group holds market-leading positions in several categories and its products are sold in more than 100 markets. | ||||
| Scandinavian Tobacco Group has its headquarters in Copenhagen, Denmark – and employs approximately 10,000 people in Europe, the US, Canada, the Dominican Republic, Honduras, Nicaragua, Indonesia and Sri Lanka. | ||||
| For more information, please visit www.st-group.com | ||||
Attachments
- Company Announcement no 37 2023
- PDMR notification CAF 22 Dec 2023
- PDMR notification CWO 22 Dec 2023
- PUBLIC_SBB_SCANDINAVIAN TOBACCO GROUP
