Copenhagen, 19 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 was 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 was set to end no later than 30 September 2016.
The following transactions have been executed in the period 12-16 September 2016:
|Number of |
|Average purchase price, DKK||Transaction value, DKK|
|12 September 2016||3,915||108.72||425,640|
|13 September 2016||4,368||108.90||475,663|
|14 September 2016||2,587||109.08||282,196|
|15 September 2016||1,500||109.17||163,750|
|16 September 2016||1,645||109.71||180,471|
|Accumulated for the|
|Accumulated under the|
A detailed overview of transactions during the period 12 - 16 September 2016 is attached to this announcement.
Following the above transactions STG owns a total of 412,462 treasury shares, corresponding to 0.412 % of the total share capital.
This concludes the share buy-back programme.
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]
STG Appendix to Company Announcement 45, 19 Sep 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