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 . (MENAFN - GlobeNewsWire - Nasdaq)      Company Announcement  No. 59/2024      Copenhagen, 04 November 2024  Transactions in connection with share buy-back programme    On 10 November 2023, ...
América - MenaFN
(MENAFN- GlobeNewsWire - Nasdaq)

Company Announcement

No. 59/2024



Copenhagen, 04 November 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 28 October – 01 November 2024:

Number of shares Average

purchase price, DKK Transaction value, DKK Accumulated, last announcement 7,391,301 800,462,563 28-Oct-24 16,000 103.50 1,656,000 29-Oct-24 15,000 103.60 1,554,000 30-Oct-24 15,000 102.20 1,533,000 31-Oct-24 15,000 102.20 1,533,000 1-Nov-24 6,867 104.51 717,688 Total, 28 Oct – 01 Nov 2024 67,867 103.05 6,993,688 Bought from CAF, 01 Nov 2024* 30,823 103.05 3,176,307 Bought from CWO, 01 Nov 2024* 14,214 103.05 1,464,751 Accumulated, under the programme 7,504,205 812,097,309

*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 28 October – 01 November 2024 is attached to this announcement.

Following the above transactions Scandinavian Tobacco Group A/S owns a total of 6,885,954 treasury shares, corresponding to 8.01% of the total share capital.

Fo r further information, please contact:

Torben Sand, Head of IR & Communication, phone +45 5084 7222 or ...

Eliza Dabbagh, IR and Communication, phone +45 5080 7619 or ...

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



Attachments



Company Announcement no 59 2024

PDMR notification CWO 01 Nov 2024 PUBLIC_SBB_SCANDINAVIAN TOBACCO GROUP
Jordania
https://menafn.com/images/Menafn_SmallLogo.jpg
https://menafn.com/1108847734/Scandinavian-Tobacco-Group-AS-Transactions-In-Connection-With-Share-Buy-Back-Programme
2024-11-04
rss
(MENAFN - GlobeNewsWire - Nasdaq)      Company Announcement  No. 59/2024      Copenhagen, 04 November 2024  Transactions in connection with share buy-back programme    On 10 November 2023, ...
Scandinavian Tobacco Group A/S: Transactions In Connection With Share Buy-Back Programme