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Scandinavian Tobacco Group A/S

05/03/2021 | Press release | Distributed by Public on 05/03/2021 01:44

Scandinavian Tobacco Group A/S: Transactions in connection with share buy-back programme

Scandinavian Tobacco Group A/S: Transactions in connection with share buy-back programme

Company Announcement
No. 22/2021

Copenhagen, 3 May 2021

Transactions in connection with share buy-back programme

On 10 March 2021, Scandinavian Tobacco Group A/S ('STG') announced that a share buy-back programme of an aggregated price of up to DKK 600 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 28 February 2022.

The following transactions have been executed from 26 April to 29 April 2021:

Number of shares Average purchase price, DKK Transaction value, DKK
Accumulated, last announcement 703,657 85,898,940
26 April 2021 30,993 116.32 3,605,199
27 April 2021 26,720 115.71 3,091,803
28 April 2021 20,000 115.17 2,303,344
29 April 2021 20,459 113.19 2,315,668
Accumulated under the program 801,829 97,214,954

A detailed overview of transactions during the period 26 April - 29 April 2021 is attached to this announcement.

Following the above transactions STG owns a total of 4,036,077 treasury shares, corresponding to 4.04% 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]

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