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. 01/2024

Copenhagen, 02 January 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 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 25 December – 29 December 2023:

	Number of shares	Average purchase price, DKK	Transaction value, DKK
Accumulated, last announcement	651,314		76,661,886
25-Dec-23	-	-	-
26-Dec-23	-	-	-
27-Dec-23	15,000	116.86	1,752,827
28-Dec-23	17,500	117.59	2,057,872
29-Dec-23	10,682	117.76	1,257,883
Total, 25 Dec – 29 Dec 2023	43,182	116.81	5,068,582
Bought from CAF, 29 Dec 2023*	19,612	116.81	2,290,971
Bought from CWO, 29 Dec 2023*	9,044	116.81	1,056,472
Accumulated, under the programme	723,152		85,077,912

*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 25 December – 29 December 2023 is attached to this announcement.                                    Following the above transactions Scandinavian Tobacco Group A/S owns a total of 1,104,901 treasury shares, corresponding to 1.27% of the total share capital.

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

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

Attachments

• Company Announcement no 1 2024
• PDMR notification CAF 29 Dec 2023
• PDMR notification CWO 29 Dec 2023
• PUBLIC_SBB_SCANDINAVIAN TOBACCO GROUP