Scandinavian Tobacco Group A/S: Transactions in co...
November 09, 2020 at 02:46 pm IST
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Company Announcement
No. 39/2020
Copenhagen, 9 November 2020
Transactions in connection with share buy-back programme
On 28 August 2020, Scandinavian Tobacco Group A/S ('STG') announced that a share buy-back programme of an aggregated price of up to DKK 300 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.
The buy-back programme is 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 share buy-back programme will end no later than 26 February 2021.
The following transactions have been executed from 2 November to 6 November 2020:
Number of shares
Average purchase price, DKK
Transaction value, DKK
Accumulated, last announcement
1,029,199
97,777,013
2 November 2020
21,000
92.20
1,936,213
3 November 2020
36,627
93.56
3,426,654
4 November 2020
23,900
93.75
2,240,713
5 November 2020
38,478
94.32
3,629,210
6 November 2020
28,974
91.90
2,662,632
Accumulated under the program
1,178,178
111,672,435
A detailed overview of transactions during the period 2 November - 6 November 2020 is attached to this announcement.
Following the above transactions STG owns a total of 1,454,686 treasury shares, corresponding to 1.45% of the total share capital.
For further information, please contact:
Investors: Torben Sand, Head of Investor Relations,
phone: +45 5084 7222 or torben.sand@st-group.com
Media: Simon Mehl Augustesen, Director of Group Communications,
phone: +1 484-379-8725 or simon.augustesen@st-group.com
Scandinavian Tobacco Group A/S published this content on 09 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2020 09:15:00 UTC
Scandinavian Tobacco Group A/S is a Denmark-based company engaged in the manufacture of cigars and pipe tobacco. The Company also holds a position in the fine-cut tobacco category in the Scandinavian, the United States and other markets. The Companyâs portfolio contains more than 200 brands, including the Cigar brands Cafe Creme, La Paz, Macanudo, CAO, Partagas (the United States) and Cohiba (the United States); Pipe tobacco brands include Captain Black, Erinmore, Borkum Riff and W.O. Larsen, and Fine-cut tobacco brands include Bugler, Break, Escort, Bali Shag and Tiedemanns. The Companyâs sales offices are located in North America, Europe, New Zealand and Australia, and it has sales to more than 100 countries around the world.