Scandinavian Tobacco Group A/S: Transactions in connection with share buy-back programme
April 02, 2024 at 07:30 am EDT
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Company Announcement
No. 18/2024
Copenhagen, 02 April 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 25 March – 29 March 2024:
Number of shares
Average purchase price, DKK
Transaction value, DKK
Accumulated, last announcement
1,926,322
234,192,327
25-Mar-24
30,000
124.86
3,745,884
26-Mar-24
30,000
125.76
3,772,728
27-Mar-24
9,656
124.24
1,199,648
28-Mar-24
-
-
-
29-Mar-24
-
-
-
Total, 25 Mar – 29 Mar 2024
69,656
125.16
8,718,260
Bought from CAF, 29 Mar 2024*
31,635
125.16
3,959,489
Bought from CWO, 29 Mar 2024*
14,589
125.16
1,825,983
Accumulated, under the programme
2,042,202
248,696,059
*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 25 March – 29 March 2024 is attached to this announcement.
Following the above transactions Scandinavian Tobacco Group A/S owns a total of 2,423,951 treasury shares, corresponding to 2.79% 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
Scandinavian Tobacco Group A/S is a Denmark-based company engaged in the manufacture of cigars and pipe tobacco. The Company also holds a position in the fine-cut tobacco category in the Scandinavian, the United States and other markets. The Companyâs portfolio contains more than 200 brands, including the Cigar brands Cafe Creme, La Paz, Macanudo, CAO, Partagas (the United States) and Cohiba (the United States); Pipe tobacco brands include Captain Black, Erinmore, Borkum Riff and W.O. Larsen, and Fine-cut tobacco brands include Bugler, Break, Escort, Bali Shag and Tiedemanns. The Companyâs sales offices are located in North America, Europe, New Zealand and Australia, and it has sales to more than 100 countries around the world.