Scandinavian Tobacco Group A/S 185 0 Kommentare Transactions in connection with share buy-back programme

Company Announcement
No. 11/2024

Copenhagen, 04 March 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 26 February – 01 March 2024:

	Number of shares	Average purchase price, DKK	Transaction value, DKK
Accumulated, last announcement	1,429,849		172,362,420
26-Feb-24	11,460	126.35	1,447,923
27-Feb-24	10,818	126.55	1,368,970
28-Feb-24	10,000	127.40	1,274,028
29-Feb-24	7,570	126.45	957,249
1-Mar-24	9,093	127.58	1,160,087
Total, 26 Feb – 01 Mar 2024	48,941	126.85	6,208,259
Bought from CAF, 01 Mar 2024*	22,228	126.85	2,819,663
Bought from CWO, 01 Mar 2024*	10,250	126.85	1,300,232
Accumulated, under the programme	1,511,268		182,690,573

*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 26 February – 01 March 2024 is
attached to this announcement.

Following the above transactions Scandinavian Tobacco Group A/S owns a total of 1,893,017 treasury shares, corresponding to 2.18% of the total share capital.