Company Announcement
No.23/2024
Copenhagen, 29 April 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 22 April - 26 April 2024:
+----------------------+----------------+-----------------+--------------------+
| | | Average| | | | | purchase price,| Transaction value,| | |Number of shares| DKK| DKK| +----------------------+----------------+-----------------+--------------------+
|Accumulated, last | | | | |announcement | 2,629,792| | 315,917,621| +----------------------+----------------+-----------------+--------------------+
| 22-Apr-24| 25,000| 112.38| 2,809,508| | | | | | | 23-Apr-24| 24,000| 113.39| 2,721,415| | | | | | | 24-Apr-24| 39,000| 113.60| 4,430,291| | | | | | | 25-Apr-24| 16,927| 112.40| 1,902,595| | | | | | | 26-Apr-24| 10,770| 112.44| 1,210,932| +----------------------+----------------+-----------------+--------------------+
|Total, 22 Apr - 26 Apr| | | | |2024 | 115,697| 113.01| 13,074,744| +----------------------+----------------+-----------------+--------------------+
| Bought from CAF, 26 | | | | | Apr 2024*| 52,546| 113.01| 5,938,145| | | | | | | Bought from CWO, 26 | | | | | Apr 2024*| 24,232| 113.01| 2,738,422| +----------------------+----------------+-----------------+--------------------+
|Accumulated, under the| | | | |programme | 2,822,267| | 337,668,932| +----------------------+----------------+-----------------+--------------------+
*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 22 April - 26 April 2024
is
attached to this announcement.
Following the above transactions Scandinavian Tobacco Group A/S owns a total of 3,204,016 treasury shares, corresponding to 3.68% 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
(https://www.globenewswire.com/Tracker?data=kvY2fS68x8GoB8i0OUxeCiUomsoh1UJ95m2O
OBUkLxq1Z2FYdwtgYOhecph1NtFYUyZwnl4rQkwQVIBQ3xyeE88koBP6obcCC9j7DumXNlU=)
Eliza Dabbagh, IR and Communication, phone +45 5080 7619 or eliza.michael@st- group.com (mailto:eliza.michael@st-group.com)
About Scandinavian Tobacco Group
Scandinavian Tobacco Group A/S is a world-leading manufacturer of handmade and
machine-rolled cigars with an annual production of more than four billion
cigars. The Group holds market-leading positions in several categories and its
products are sold in more than 100 markets.
Scandinavian Tobacco Group has its headquarters in Copenhagen, Denmark - and
employs approximately 10,000 people in Europe, the US, Canada, the Dominican
Republic, Honduras, Nicaragua, Indonesia and Sri Lanka.
For more information, please visit www.st-group.com
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