Scandinavian Tobacco Group A/S: Transactions in connection with share buy-back programme
August 15 2016 - 4:41AM
COMPANY
ANNOUNCEMENT
No. 37/2016
Copenhagen, 15 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 8 - 12
August 2016:
|
Number of shares |
Average purchase price, DKK |
Transaction value, DKK |
8 August 2016 |
6,463 |
119.15 |
770,094 |
9 August 2016 |
2,037 |
118.63 |
241,651 |
10 August 2016 |
3,500 |
117.23 |
410,300 |
11 August 2016 |
3,084 |
115.02 |
354,735 |
12 August 2016 |
890 |
115.48 |
102,778 |
Accumulated for the
period |
15,974 |
117.66 |
1,879,557 |
Accumulated under the programme |
352,638 |
110.00 |
38,790,794 |
A detailed overview of transactions during the period 8 - 12 August
2016 is attached to this announcement.
Following the above transactions STG owns a total
of 352,638 treasury shares, corresponding to 0.353 % 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.
STG Appendix to Company
Announcement 37
Company Announcement 37-2016 - Transactions under buy-back
programme
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#2035237
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