Scandinavian Tobacco Group A/S
Scandinavian Tobacco Group A/S: Completion of DKK 300 million share buy-back programme
|Company Announcement |
Copenhagen, 1 March 2021
Completion of DKK 300 million share buy-back programme
Scandinavian Tobacco Group A/S has now completed its share buyback programme worth up to DKK 300 million which was initiated on 28 August 2020. As of 26 February 2021, Scandinavian Tobacco Group has purchased a total of 2,957,742 shares with an aggregated transaction value of DKK 300 million under the share buyback programme which Scandinavian Tobacco Group announced in Company Announcement No. 21, 2020.
The purpose of the programme has been to adjust the Company’s capital structure and meet obligations relating to the Group’s share-based incentive programme. At the Annual General Meeting on 14 April 2021, the Board of Directors intends to propose a reduction of the company’s share capital as a result of the share buy-back.
The buy-back programme has been executed 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.
The following transactions were executed from 22 February to 26 February 2021:
|Number of shares||Average purchase price, DKK||Transaction value, DKK|
|Accumulated, last announcement||2,867,174||289,586,371|
|22 February 2021||13,389||113.90||1,525,003|
|23 February 2021||27,536||115.26||3,173,885|
|24 February 2021||27,252||114.72||3,128,513|
|25 February 2021||18,538||115.72||2,145,147|
|26 February 2021||3,833||114.99||440,762|
|Accumulated under the program||2,957,742||101.43||299,999,681|
A detailed overview of transactions during the period 22 February – 26 February 2021 is attached to this announcement.
Following the above transactions STG owns a total of 3,234,248 treasury shares, corresponding to 3.23% of the total share capital.
For further information, please contact:
Investors: Torben Sand, Head of Investor Relations,
phone: +45 5084 7222 or email@example.com
Media: Simon Mehl Augustesen, Director of Group Communications,
phone: +1 484-379-8725 or firstname.lastname@example.org
Subscribe to releases from Globenewswire
Subscribe to all the latest releases from Globenewswire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Globenewswire
TigerGraph, Inc.8.4.2021 15:01:29 CEST | Press release
TigerGraph’s Graph + AI Summit 2021 to Feature 40+ Sessions, Live Workshops and Speakers from JPMorgan Chase, NewDay, Pinterest, Jaguar Land Rover and More
Agillic A/S7.4.2021 09:01:28 CEST | Press release
Agillic launches a new fast and advanced SMS editor to help clients deliver personalised SMS experiences
TigerGraph, Inc.30.3.2021 15:29:56 CEST | Press release
Technical University of Denmark uses TigerGraph to help find more effective treatments for acute lymphoblastic leukemia
Møns Bank A/S26.3.2021 07:03:33 CET | Pressemeddelelse
Indkaldelse til ekstraordinær generalforsamling 19. april 2021
Sika AG26.3.2021 07:02:09 CET | Press release
SIKA ACQUIRES FLOORING ADHESIVES BUSINESS IN THE USA
Arcadis N.V.26.3.2021 07:01:59 CET | Press release
Arcadis reports transactions under its current share buyback program
Terranet26.3.2021 07:01:48 CET | Press release
Warrants of series (2020:2) TO2 B we subscribed to approximately 94.9 percent and TerraNet Holding AB receives approximately SEK 38.3 million
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.Visit our pressroom