Scandinavian Tobacco Group A/S: Transactions in Connection with Share Buy-back Programme
June 13 2016 - 1:52AM
COMPANY ANNOUNCEMENT
No. 25/2016
Copenhagen, 13 June 2016
Transactions in
Connection
with Share Buy-back Programme
On 30 May 2016 Scandinavian Tobacco Group A/S
("STG") announced that a share share buy-back programme of up to
412,462 shares and a maximum consideration of DKK 55m was launched
with the purpose of hedging obligations arising from STG's share
based incentive schemes.
The buy-back programme is executed in accordance
with Commission Regulation (EC) no 2273/2003 of 22 December 2003
and from 3 July 2016 in accordance with Article 5 of Regulation
(EU) no 596/2014 of 16 April 2014 (the so-called Safe Harbour
method). The share buy-back programme will end no later than 30
September 2016.
The following transactions have been executed in the period 6 June
- 10 June 2016:
|
Number of shares |
Average purchase price, DKK |
Transaction value, DKK |
6 June 2016 |
1,691 |
109.74 |
185,567 |
7 June 2016 |
7,549 |
110.05 |
830,765 |
8 June 2016 |
3,478 |
109.68 |
381,473 |
9 June 2016 |
13,021 |
109.07 |
1,420,245 |
10 June 2016 |
4,560 |
107.89 |
491,999 |
Accumulated for the
period |
30,299 |
109.25 |
3,310,051 |
Accumulated under the programme |
87,181 |
109.13 |
9,514,390 |
Following the above transactions STG owns a total of 87,181
treasury shares, corresponding to 0.087% of the total share
capital.
For further information, please
contact:
For media enquiries:
Kaspar Bach Habersaat, Director of Group Communications, phone: +45
7220 7152
or kaspar.bach@st-group.com.
For investor enquiries:
Torben Sand, Head of Investor Relations, phone: +45 7220 7126 or
torben.sand@st-group.com.
Company Announcement 25 -
Transactions under buy-back programme
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Scandinavian Tobacco Group A/S via
Globenewswire
HUG#2020057
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