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

Company Announcement
No. 34/2023


Copenhagen, 04 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 27 November – 01 December 2023:

	Number of shares	Average purchase price, DKK	Transaction value, DKK
Accumulated, last announcement	180,539		20,933,416
27-Nov-23	12,000	120.16	1,441,922
28-Nov-23	11,349	120.04	1,362,279
29-Nov-23	15,000	120.15	1,802,319
30-Nov-23	13,000	121.09	1,574,205
1-Dec-23	11,709	121.51	1,422,777
Total, 27 Nov – 01 Dec 2023	63,058	120.58	7,603,503
Bought from CAF, 01 Dec 2023*	28,639	120.58	3,453,277
Bought from CWO, 01 Dec 2023*	13,207	120.58	1,592,494
Accumulated, under the programme	285,443		33,582,689
*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 27 November – 01 December 2023 is attached to this announcement.


Following the above transactions Scandinavian Tobacco Group A/S owns a total of 667,192 treasury shares, corresponding to 0.77% 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
Eliza Dabbagh, IR and Communication, phone +45 5080 7619 or eliza.michael@st-group.com

Attachments

Attachments

company-announcement-no-34-2023-v1.pdf
pdmr-notification-caf-1-dec-2023.pdf
pdmr-notification-cwo-1-dec-2023.pdf
public-sbb-scandinavian-tobacco-group.pdf