Scandinavian Tobacco Group A/S: Transactions in connection with share buy-back programme
August 19 2024 - 6:00AM
UK Regulatory
Scandinavian Tobacco Group A/S: Transactions in connection with
share buy-back programme
Company
Announcement
No. 46/2024
|
Copenhagen, 19 August 2024
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 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. 30/2023. The share buy-back programme will
end no later than 28 February 2025.
The following transactions have been executed
from 12 August – 16 August 2024:
|
|
Number of shares |
Average
purchase price, DKK |
Transaction value, DKK |
|
Accumulated, last announcement |
5,818,340 |
|
635,378,951 |
|
12-Aug-24 |
11,111 |
102.10 |
1,134,441 |
|
13-Aug-24 |
14,197 |
101.97 |
1,447,634 |
|
14-Aug-24 |
13,491 |
102.22 |
1,379,058 |
|
15-Aug-24 |
20,000 |
102.01 |
2,040,216 |
|
16-Aug-24 |
15,913 |
101.98 |
1,622,774 |
|
Total, 12 Aug – 16 Aug 2024 |
74,712 |
102.05 |
7,624,121 |
|
Bought from CAF, 16 Aug 2024* |
33,932 |
102.05 |
3,462,652 |
|
Bought from CWO, 16 Aug 2024* |
15,648 |
102.05 |
1,596,828 |
|
Accumulated, under the programme |
5,942,632 |
|
648,062,552 |
*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 12 August – 16 August 2024 is
attached to this announcement.
Following the above transactions Scandinavian
Tobacco Group A/S owns a total of 5,324,381 treasury shares,
corresponding to 6.19% 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
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
- Company Announcement no 46 2024
- PDMR notification CWO 16 Aug 2024
- PUBLIC_SBB_SCANDINAVIAN TOBACCO GROUP
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