|Company Announcement |
Copenhagen, 1 March 2021
Completion of DKK 300 million share buy-back programme
Scandinavian Tobacco Group A/S has now completed its share buyback programme worth up to DKK 300 million which was initiated on 28 August 2020. As of 26 February 2021, Scandinavian Tobacco Group has purchased a total of 2,957,742 shares with an aggregated transaction value of DKK 300 million under the share buyback programme which Scandinavian Tobacco Group announced in Company Announcement No. 21, 2020.
The purpose of the programme has been to adjust the Company’s capital structure and meet obligations relating to the Group’s share-based incentive programme. At the Annual General Meeting on 14 April 2021, the Board of Directors intends to propose a reduction of the company’s share capital as a result of the share buy-back.
The buy-back programme has been 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 following transactions were executed from 22 February to 26 February 2021:
|Number of shares||Average purchase price, DKK||Transaction value, DKK|
|Accumulated, last announcement||2,867,174||289,586,371|
|22 February 2021||13,389||113.90||1,525,003|
|23 February 2021||27,536||115.26||3,173,885|
|24 February 2021||27,252||114.72||3,128,513|
|25 February 2021||18,538||115.72||2,145,147|
|26 February 2021||3,833||114.99||440,762|
|Accumulated under the program||2,957,742||101.43||299,999,681|
A detailed overview of transactions during the period 22 February – 26 February 2021 is attached to this announcement.
Following the above transactions STG owns a total of 3,234,248 treasury shares, corresponding to 3.23% of the total share capital.
For further information, please contact:
Investors: Torben Sand, Head of Investor Relations,
phone: +45 5084 7222 or firstname.lastname@example.org
Media: Simon Mehl Augustesen, Director of Group Communications,
phone: +1 484-379-8725 or email@example.com