Source - GNW

No. 45/2016

                                                                                                                                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, DKKTransaction 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]

About Scandinavian Tobacco Group

Scandinavian Tobacco Group A/S with its subsidiaries (the "Group") is a world leading producer of cigars and traditional pipe tobacco. The Group also produces fine-cut tobacco and sells tobacco-related accessories. The Group produces and sells 3 billion cigars and 5,000 tonnes of pipe and fine-cut tobacco annually. Scandinavian Tobacco Group believes it is the only company globally with a core strategic focus on production and distribution in all of these tobacco categories.

Scandinavian Tobacco Group holds market-leading positions in the machine-made cigar market in Europe, the handmade cigar market in the US, the online and catalogue retail sales of cigars in the US, the traditional pipe tobacco market globally and in selected fine-cut tobacco markets.

Scandinavian Tobacco Group has a diversified portfolio of more than 200 brands providing a complementary range of established global brands and local champions.  In the cigar segment, the brand portfolio comprises Café Crème, La Paz, Macanudo, CAO, Partagas (US) and Cohiba (US). Pipe tobacco brands include Captain Black, Erinmore, Borkum Riff and W.Ø. Larsen, while leading fine-cut tobacco brands include Bugler, Break, Escort, Bali Shag and Tiedemanns.

As at 31 December 2015, the Group employed approx. 8,100 people in the Dominican Republic, Honduras, Nicaragua, Indonesia, Europe, New Zealand, Australia, Canada and the US.

For more information please visit

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
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