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

Scandinavian Tobacco Group A/S

Company Announcement
No. 48/2020

Copenhagen, 28 December 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 21December to 23 December 2020:

Number of shares

Average purchase price, DKK

Transaction value, DKK

Accumulated, last announcement

1,892,661

180,739,424

21 December 2020

25,000

104.10

2,602,505

22 December 2020

24,820

103.41

2,566,713

23 December 2020

24,550

103.12

2,531,709

Accumulated under the program

1,967,031

188,440,351

A detailed overview of transactions during the period 21 December – 23 December 2020 is attached to this announcement.

Following the above transactions STG owns a total of 2,243,539 treasury shares, corresponding to 2.24% 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

Attachments


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