Scandinavian Tobacco Group A/S: Transactions in co...
November 16, 2020 at 05:31 am
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Company Announcement
No. 40/2020
Copenhagen, 16 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 9 November to 13 November 2020:
Number of shares
Average purchase price, DKK
Transaction value, DKK
Accumulated, last announcement
1,178,178
111,672,435
9 November 2020
24,689
93.39
2,305,674
10 November 2020
25,258
91.09
2,300,787
11 November 2020
15,510
91.34
1,416,722
12 November 2020
31,161
91.28
2,844,389
13 November 2020
10,000
91.81
918,090
Accumulated under the program
1,284,796
121,458,096
A detailed overview of transactions during the period 9 November - 13 November 2020 is attached to this announcement.
Following the above transactions STG owns a total of 1,561,304 treasury shares, corresponding to 1.56% 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 16 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2020 10:30:02 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.