Scandinavian Tobacco Group A/S

Transactions in connection with share buy-back programme

Company Announcement No. 04/2024

Copenhagen, 22 January 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 Euro-pean 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 15 January – 19 January 2024:

	Number of shares	Average purchase price, DKK	Transaction value, DKK
Accumulated, last announcement	914,874		108,546,746
15-Jan-24	15,000	123.69	1,855,424
16-Jan-24	9,310	121.71	1,133,113
17-Jan-24	15,000	120.94	1,814,124
18-Jan-24	10,000	122.05	1,220,534
19-Jan-24	8,702	122.87	1,069,230
Total, 15 Jan – 19 Jan 2024	58,012	122.26	7,092,425
Bought from CAF, 19 Jan 2024*	26,347	122.26	3,221,129
Bought from CWO, 19 Jan 2024*	12,150	122.26	1,485,433
Accumulated, under the programme	1,011,383		120,345,734

*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 15 January – 19 January 2024 is               attached to this announcement.                           

Following the above transactions Scandinavian Tobacco Group A/S owns a total of 1,393,132 treasury shares, corresponding to 1.6% of the total share capital.                                   

                                   
For further information, please contact:
Torben Sand, Head of IR & Communication, phone [phone] or [e-mail]
Eliza Dabbagh, IR and Communication, phone [phone] or [e-mail]

Attachments

• Company Announcement no 4 2024
• PUBLIC_SBB_SCANDINAVIAN TOBACCO GROUP
• PDMR notification CAF 19 Jan 2024
• PDMR notification CWO 19 Jan 2024