Scandinavian Tobacco Group A/S: Transactions in co...
November 30, 2020 at 08:47 am
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Company Announcement
No. 42/2020
Copenhagen, 30 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 23 November to 27 November 2020:
Number of shares
Average purchase price, DKK
Transaction value, DKK
Accumulated, last announcement
1,432,872
135,590,455
23 November 2020
25,000
95.13
2,378,368
24 November 2020
25,000
94.23
2,355,780
25 November 2020
23,116
94.77
2,190,609
26 November 2020
25,000
94.58
2,364,525
27 November 2020
25,000
95.10
2,377,518
Accumulated under the program
1,555,988
147,257,254
A detailed overview of transactions during the period 23 November - 27 November 2020 is attached to this announcement.
Following the above transactions STG owns a total of 1,832,496 treasury shares, corresponding to 1.83% 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 30 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 November 2020 08:46:06 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.