Scandinavian Tobacco Group A/S: Completion of DKK 600 million share buy-back programme
| Company Announcement No. 13/2022
|
Copenhagen, 1 March 2022
Completion of DKK 600 million share buy-back programme
Scandinavian Tobacco Group A/S has now completed its share buyback programme worth up to DKK 600 million which was initiated on 10 March 2021. As of 28 February 2022, Scandinavian Tobacco Group has purchased a total of 4,621,238 shares with an aggregated transaction value of DKK 600 million under the share buy-back programme announced in Company Announcement No. 9, 2021.
The purpose of the programme has been to adjust the Company’s capital structure and meet obligations relating to the Group’s share-based incentive programme. At the Annual General Meeting on 31 March 2022, the Board of Directors intends to propose a reduction of the company’s share capital as result of the share buy-back.
The buy-back programme has been 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 following transactions were executed on 28 February 2021:
| Number of shares | Average purchase price, DKK | Transaction value, DKK | |
| Accumulated, last announcement | 4,597,501 | 596,446,984 | |
| 28 February 2022 | 23,737 | 149.66 | 3,552,558 |
| Accumulated under the program | 4,621,238 | 129.84 | 599,999,541 |
A detailed overview of transactions on 28 February 2022 is attached to this announcement.
Following the above transactions Scandinavian Tobacco Group A/S owns a total of 5,204,812 treasury shares, corresponding to 5.34% 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.com
Media: Simon Mehl Augustesen, Director of Group Communications,
phone: +1 484-379-8725 or simon.augustesen@st-group.com
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