07/19/2021 | Press release | Distributed by Public on 07/19/2021 03:55
Copenhagen, 19 July 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 12 July to 16 July 2021:
|Number of shares||Average purchase price, DKK||Transaction value, DKK|
|Accumulated, last announcement||1,698,408||212,482,651|
|12 July 2021||15,632||125.66||1,964,251|
|13 July 2021||17,180||125.60||2,157,784|
|14 July 2021||13,998||125.39||1,755,181|
|15 July 2021||17,240||126.99||2,189,328|
|16 July 2021||18,954||126.54||2,398,397|
|Accumulated under the program||1,781,412||222,947,593|
A detailed overview of transactions during the period 12 July - 16 July 2021 is attached to this announcement.
Following the above transactions STG owns a total of 2,364,986 treasury shares, corresponding to 2.43% 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]