Scandinavian Tobacco Group A/S 101 0 Kommentare Transactions in connection with share buy-back programme

Company Announcement
No. 57/2022

Copenhagen, 19 Sep 2022

Transactions in connection with share buy-back programme

On 19 May 2022, Scandinavian Tobacco Group A/S announced that the share buy-back programme that was initiated 9 March 2022 was increased to an aggregated value of up to DKK 1,000 million. The purpose of the programme is to adjust the Company’s capital structure and meet obligations relating to the Group’s share-based incentive programme.

Part of 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. 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. 35/2022. The share buy-back programme will end no later than 28 February 2023.

The following transactions have been executed from 12 September to 16 September 2022:

	Number of shares	Average purchase price, DKK	Transaction value, DKK
Accumulated, last announcement	2,915,985		397,342,580
12-Sep-22	23,573	111.28	2,623,194
13-Sep-22	41,191	110.60	4,555,646
14-Sep-22	33,493	108.12	3,621,186
15-Sep-22	34,249	109.70	3,757,043
16-Sep-22	46,180	109.68	5,065,138
Total, 12 September - 16 September 2022	178,686	109.81	19,622,208
Bought from CAF, 16 September 2022*	79,744	109.81	8,757,000
Bought from CWO, 16 September 2022*	36,918	109.81	4,054,110
Accumulated under the programme	3,211,333		429,775,898

*According to separate agreements as from 20 May 2022 Chr. Augustinus Fabrikker Aktieselskab (CAF) participates on a 27.0% pro-rata basis and C.W.Obel A/S (CWO) participates on a 12.5% pro-rata basis to the shares purchased in the share buy-back programme.

A detailed overview of transactions during the period 12 September – 16 September 2022 is attached to this announcement.

Following the above transactions Scandinavian Tobacco Group A/S owns a total of 3,657,395 treasury shares, corresponding to 3.93% of the total share capital.