COMPANY ANNOUNCMENT
No. 2/2016
NOT FOR RELEASE OR DISTRIBUTION OR PUBLICATION IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN
This announcement does not
constitute an offering circular and nothing herein contains an
offering of securities. No one should purchase or subscribe for any
securities in Scandinavian Tobacco Group A/S ("STG" or the "Company") except on the basis of information
in the offering circular published by STG in connection with the
offering and admission of such securities to trading and official
listing on Nasdaq Copenhagen A/S ("Nasdaq Copenhagen").
Copenhagen, 9 February 2016
Early close of offering of shares
in Scandinavian Tobacco Group A/S
Today, Scandinavian Tobacco Group A/S announces
the close of its offering, including the early close of its
offering to retail investors.
An offering circular was published on 28 January
2016 in connection with Scandinavian Tobacco Group's initial public
offering and admission of its shares to trading and official
listing on Nasdaq Copenhagen (the "Offering").
The Offering to retail investors, with orders up
to and including DKK 3 million, will close on 9 February 2016 at
12:00 CET. The early close of the Offering is due to the aggregate
demand from retail investors exceeding the expected allocation of
offer shares to this investor group.
The expected timetable for the Offering will
otherwise remain unchanged and the Offering to investors with
orders exceeding DKK 3 million will thus close on 9 February 2016
at 4:00 p.m. CET.
Information about the result of the Offering,
including final offer price and the allocation of shares, is
expected to be announced on 10 February 2016. The admission to
trading and official listing of the Scandinavian Tobacco Group
shares on Nasdaq Copenhagen and the first day of trading will also
be on 10 February 2016 under the symbol "STG" (ISIN
DK0060696300).
The offer shares are expected to be delivered on
or about 12 February 2016 against payment in immediately available
funds in Danish kroner.
For further information, please
contact:
For media enquiries:
Kaspar Bach Habersaat, Director of Group Communications, phone: +45
7220 7152 or kaspar.bach@st-group.com.
For investor enquiries:
Torben Sand, Head of Investor Relations, phone: +45 7220 7126 or
torben.sand@st-group.com.
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 www.st-group.com.
Important notice
Copies of this announcement are not being made and may not be
distributed or sent into the United States of America, Canada,
Australia or Japan.
This communication does not constitute an offer of
the securities to the public in the United States. The securities
referred to herein may be offered or sold in the United States only
(1) if registered, or in a transaction exempt from, or not subject
to, registration under the U.S. Securities Act of 1933, as amended,
and (2) by the issuer or a manager (or affiliate thereof)
registered as a broker-dealer under the U.S. Securities Exchange
Act of 1934. Scandinavian Tobacco Group A/S does not intend to
register any portion of the offering of the securities in the
United States or to conduct a public offering of the securities in
the United States.
In any EEA Member State, other than Denmark, that
has implemented Directive 2003/71/EC as amended (together with any
applicable implementing measures in any Member State, the
"Prospectus Directive"), this communication is only addressed to
and is only directed at qualified investors in that Member State
within the meaning of the Prospectus Directive.
This communication does not constitute an offer of
the securities to the public in the United Kingdom. No prospectus
has been or will be approved in the United Kingdom in respect of
the securities. This communication is being distributed to and is
directed only at (i) persons who are outside the United Kingdom or
(ii) persons who are investment professionals within the meaning of
Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Order") and (iii) high net
worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order
(all such persons together being referred to as "Relevant
Persons"). Any investment activity to which this communication
relates will only be available to and will only be engaged with
Relevant Persons. Any person who is not a Relevant Person should
not act or rely on this document or any of its contents.
Stabilisation/FCA
In connection with the offering, Nordea Bank
Danmark A/S (the "Stabilising Manager") (or agents acting on behalf
of the Stabilising Manager) may over-allot securities or effect
transactions with a view to supporting the market price of the
securities at a level higher than that which might otherwise
prevail. However, there is no assurance that the Stabilising
Manager (or agents acting on behalf of the Stabilising Manager)
will undertake stabilisation actions. Any stabilisation action may
begin on or after the date of commencement of trading and official
listing of the securities on Nasdaq Copenhagen and, if begun, may
be ended at any time, but must end no later than 30 days after the
date of commencement of trading and official listing of the
securities.
Matters discussed in this communication may
constitute forward-looking statements. Forward-looking statements
are statements (other than statements of historical fact) relating
to future events and anticipated or planned financial and
operational performance and can be identified by words such as
"targets," "believes," "expects," "aims," "intends," "plans,"
"seeks," "will," "may," "might," "anticipates," "would," "could,"
"should," "continues," "estimate" or similar expressions. The
forward-looking statements in this communication are based upon
various assumptions, many of which are based, in turn, upon further
assumptions. Although Scandinavian Tobacco Group A/S believes that
these assumptions were reasonable when made, these assumptions are
inherently subject to significant known and unknown risks,
uncertainties, contingencies and other important factors which are
difficult or impossible to predict and are beyond its control. Such
risks, uncertainties, contingencies and other important factors
could cause actual events to differ materially from the
expectations expressed or implied in this communication by such
forward-looking statements.
The information, opinions and forward-looking
statements contained in this announcement speak only as at its date
and are subject to change without notice.
Press release (PDF)
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX 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
HUG#1984615
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