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

Company Announcement
No. 70/2022

 

Copenhagen, 5 Dec 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 28 November to 2 December 2022:

 Number of sharesAverage
purchase price, DKK
Transaction value, DKK
Accumulated, last announcement4,771,991  613,282,745
28-Nov-22 25,000 125.03 3,125,710
29-Nov-22 18,893 125.11 2,363,756
30-Nov-22 16,549 125.97 2,084,641
1-Dec-22 16,256 126.08 2,049,626
2-Dec-22 12,164 125.55 1,527,145
Total, 28 November – 2 December 2022 88,862  125.49  11,150,879
Bought from CAF, 2 December 2022* 39,658 125.49 4,976,498
Bought from CWO, 2 December 2022* 18,359  125.49  2,303,785
Accumulated under the programme4,918,870  631,713,907

*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 28 November – 2 December 2022 is attached to this announcement.

Following the above transactions Scandinavian Tobacco Group A/S owns a total of 5,364,907 treasury shares, corresponding to 5.77% 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


Attachments

10007704541-en-1.pdf
10007704541-en-2.pdf
10007704541-en-3.pdf
10007704541-en-4.pdf