Copenhagen, 12 September 2016
Transactions in Connection
with Share Buy-back Programme
On 30 May 2016 Scandinavian Tobacco Group A/S ("STG") announced that a share share buy-back programme of up to 412,462 shares and a maximum consideration of DKK 55m was launched with the purpose of hedging obligations arising from STG's share based incentive schemes.
The buy-back programme is executed in accordance with Commission Regulation (EC) no 2273/2003 of 22 December 2003 and from 3 July 2016 in accordance with Article 5 of Regulation (EU) no 596/2014 of 16 April 2014 (the so-called Safe Harbour method). The share buy-back programme will end no later than 30 September 2016.
The following transactions have been executed in the period 5-9 September 2016:
|Number of shares||Average purchase price, DKK||Transaction value, DKK|
|5 September 2016||2,500||110.58||276,450|
|6 September 2016||4,000||109.89||439,575|
|7 September 2016||3,000||107.41||322,225|
|8 September 2016||2,232||109.34||244,044|
|9 September 2016||1,500||109.57||164,350|
|Accumulated for the|
|Accumulated under the programme|
A detailed overview of transactions during the period 5-9 September 2016 is attached to this announcement.
Following the above transactions STG owns a total of 398,447 treasury shares, corresponding to 0.398 % of the total share capital.
For further information, please contact:
For media enquiries:
Kaspar Bach Habersaat, Director of Group Communications, phone: +45 7220 7152
or [email protected]
For investor enquiries:
Torben Sand, Head of Investor Relations, phone: +45 7220 7126 or [email protected]
Scandinavian Tobacco Group - Transactions under buy-back 12 Sept. 2016
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Scandinavian Tobacco Group A/S via Globenewswire