11/16/2020 | Press release | Distributed by Public on 11/16/2020 04:29
Copenhagen, 16 November 2020
Transactions in connection with share buy-back programme
On 28 August 2020, Scandinavian Tobacco Group A/S ('STG') announced that a share buy-back programme of an aggregated price of up to DKK 300 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.
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. The share buy-back programme will end no later than 26 February 2021.
The following transactions have been executed from 9 November to 13 November 2020:
|Number of shares||Average purchase price, DKK||Transaction value, DKK|
|Accumulated, last announcement||1,178,178||111,672,435|
|9 November 2020||24,689||93.39||2,305,674|
|10 November 2020||25,258||91.09||2,300,787|
|11 November 2020||15,510||91.34||1,416,722|
|12 November 2020||31,161||91.28||2,844,389|
|13 November 2020||10,000||91.81||918,090|
|Accumulated under the program||1,284,796||121,458,096|
A detailed overview of transactions during the period 9 November - 13 November 2020 is attached to this announcement.
Following the above transactions STG owns a total of 1,561,304 treasury shares, corresponding to 1.56% of the total share capital.
For further information, please contact:
Investors: Torben Sand, Head of Investor Relations,
phone: +45 5084 7222 or [email protected]
Media: Simon Mehl Augustesen, Director of Group Communications,
phone: +1 484-379-8725 or [email protected]