Scandinavian Tobacco Group A/S: Transactions in Connection with Share Buy-back Programme
August 01 2016 - 5:05AM
COMPANY
ANNOUNCEMENT
No. 34/2016
Copenhagen, 1 August 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 25 - 29
July 2016:
|
Number of shares |
Average purchase price, DKK |
Transaction value, DKK |
25 July 2016 |
930 |
116.46 |
108,312 |
26 July 2016 |
587 |
115.80 |
67,976 |
27 July 2016 |
2,155 |
117.92 |
254,122 |
28 July 2016 |
6,791 |
117.57 |
798,387 |
29 July 2016 |
1,607 |
116.97 |
187,966 |
Accumulated for the
period |
12,070 |
117.38 |
1,416,763 |
Accumulated under the programme |
318,893 |
109.04 |
34,771,289 |
A detailed overview of transactions during the period 25 - 29 July
2016 is attached to this announcement.
Following the above transactions STG owns a total of 318,893
treasury shares, corresponding to 0.319 % 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 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.
STG Appendix to Company
Announcement 34, 1 Aug. 2016
Scandinavian Tobacco Group - Transactions under Buy-back, 1 Aug.
2016
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#2032165
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