| Company Announcement No. 64/2022 |
Copenhagen, 31 Oct 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 24 October to 28 October 2022:
| Number of shares | Average purchase price, DKK | Transaction value, DKK | |
| Accumulated, last announcement | 4,158,086 | 537,070,620 | |
| 24-Oct-22 | 7,425 | 120.55 | 895,117 |
| 25-Oct-22 | 11,317 | 123.44 | 1,396,951 |
| 26-Oct-22 | 14,567 | 125.15 | 1,823,031 |
| 27-Oct-22 | 22,745 | 125.17 | 2,846,973 |
| 28-Oct-22 | 22,577 | 124.80 | 2,817,573 |
| Total, 24 October - 28 October 2022 | 78,631 | 124.37 | 9,779,646 |
| Bought from CAF, 28 October 2022* | 35,092 | 124.37 | 4,364,530 |
| Bought from CWO, 28 October 2022* | 16,245 | 124.37 | 2,020,454 |
| Accumulated under the programme | 4,288,054 | 553,235,251 |
*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 24 October - 28 October 2022 is attached to this announcement.
Following the above transactions Scandinavian Tobacco Group A/S owns a total of 4,734,116 treasury shares, corresponding to 5.09% 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
- Company Announcement no 64 2022 (https://ml-eu.globenewswire.com/Resource/Download/63884e8b-9143-46b9-bb1f-1ee83862c494)
- PUBLIC_SBB_SCANDINAVIAN TOBACCO GROUP (https://ml-eu.globenewswire.com/Resource/Download/552d178a-4b90-46a9-a4c9-9bd3c118bed1)
- PDMR notification CAF 28 Oct 2022 (https://ml-eu.globenewswire.com/Resource/Download/7b252bc9-3137-46e6-984f-db9b1ba14010)
- PDMR notification CWO 28 Oct 2022 (https://ml-eu.globenewswire.com/Resource/Download/f5e422e6-1602-4da6-ae8d-a2aecc9d962e)
