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Scandinavian Tobacco Group A/S

Written by Customer Service on . Posted in Public Companies.

 Company AnnouncementOn 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 31 August to 4 September 2020:  Number of shares Average purchase price, DKK Transaction value, DKKAccumulated, last announcement 0   031 August 2020 25,000 99.45 2,486,295   1 September 2020 19,803 100.50 1,990,156   2 September 2020 40,000 100.41 4,016,428   3 September 2020 13,000 100.77 1,309,987   4 September 2020 15,000 100.93 1,513,965Accumulated under the program 112,803   11,316,831A detailed overview of transactions during the period 31 August – 4 September 2020 is attached to this announcement.Following the above transactions STG owns a total of 389,311 treasury shares, corresponding to 0.39 % of the total share capital.For further information, please contact: Investors: Torben Sand, Head of Investor Relations, phone: +45 5084 7222 or torben.sand@st-group.comMedia: Simon Mehl Augustesen, Director of Group Communications, phone: +1 484-379-8725 or simon.augustesen@st-group.com
AttachmentsPUBLIC_SBB_SCANDINAVIAN TOBACCO GROUP Aug31-Sep4 2020Company Announcement no 23 2020 SBB Transactions

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