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

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

Company Announcement No. 33/2023

Copenhagen, 27 November 2023 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 Euro-pean 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 20 November to 24 November 2023:

	Number of shares	Average purchase price, DKK	Transaction value, DKK
Accumulated, last announcement	84,634		9,648,529
20-Nov-23	10,000	115.97	1,159,655
21-Nov-23	14,000	116.13	1,625,858
22-Nov-23	10,000	117.59	1,175,876
23-Nov-23	5,485	118.28	648,752
24-Nov-23	18,164	119.65	2,173,264
Total, 20 November – 24 November 2023	57,649	117.67	6,783,405
Bought from CAF, 24 November 2023*	26,182	117.67	3,080,766
Bought from CWO, 24 November 2023*	12,074	117.67	1,420,716
Accumulated under the programme	180,539		20,933,416

*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 20 November – 24 November 2023 is attached to this announcement.

Following the above transactions Scandinavian Tobacco Group A/S owns a total of 562,288 treasury shares, corresponding to 0.65% of the total share capital.

For further information, please contact:Torben Sand, Head of IR & Communication, phone [phone] or [e-mail] Dabbagh, IR and Communication, phone [phone] or [e-mail]

Attachments

• Company Announcement no 33 2023
• PDMR notification CAF 24 Nov 2023
• PDMR notification CWO 24 Nov 2023
• PUBLIC_SBB_SCANDINAVIAN TOBACCO GROUP