Company Announcement
No. 33/2024
Copenhagen, 17 June 2024 Transactions in connection with share buy-back programme On 10 November 2023, Scandinavian Tobacco Group A/S announced that a share buy- back programme of an aggregated value of up to DKK 850 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.
Part of the programme will be conducted 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. Another part of the share buy-back programme is conducted as a directed buy-back from Chr. Augustinus Fabrikker Aktieselskab and C.W. Obel A/S as further described in company announcement no. 30/2023. The share buy-back programme will end no later than 28 February 2025.
The following transactions have been executed from 10 June - 14 June 2024:
+----------------------+----------------+-----------------+--------------------+
| | | Average| | | | | purchase price,| Transaction value,| | |Number of shares| DKK| DKK| +----------------------+----------------+-----------------+--------------------+
|Accumulated, last | | | | |announcement | 4,021,727| | 457,771,472| +----------------------+----------------+-----------------+--------------------+
| 10-Jun-24| 35,000| 96.18| 3,366,367| | | | | | | 11-Jun-24| 34,956| 95.35| 3,332,978| | | | | | | 12-Jun-24| 32,000| 96.37| 3,083,770| | | | | | | 13-Jun-24| 34,439| 95.95| 3,304,329| | | | | | | 14-Jun-24| 23,117| 95.86| 2,216,005| +----------------------+----------------+-----------------+--------------------+
|Total, 10 Jun - 14 Jun| | | | |2024 | 159,512| 95.94| 15,303,454| +----------------------+----------------+-----------------+--------------------+
| Bought from CAF, 14 | | | | | Jun 2024*| 72,445| 95.94| 6,950,315| | | | | | | Bought from CWO, 14 | | | | | Jun 2024*| 33,409| 95.94| 3,205,233| +----------------------+----------------+-----------------+--------------------+
|Accumulated, under the| | | | |programme | 4,287,093| | 483,230,474| +----------------------+----------------+-----------------+--------------------+
*According to separate agreements as from 10 November 2023 Chr. Augustinus Fabrikker Aktieselskab (CAF) participates on a 27.30% pro-rata basis and C.W.Obel A/S (CWO) participates on a 12.59% pro-rata basis to the shares purchased in the share buy-back programme.
A detailed overview of transactions during the period 10 June - 14 June 2024 is
attached to this announcement.
Following the above transactions Scandinavian Tobacco Group A/S owns a total of 3,668,842 treasury shares, corresponding to 4.27% of the total share capital.
For further information, please contact:
Torben Sand, Head of IR & Communication, phone +45 5084 7222 or torben.sand@st- group.com
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