Scandinavian Tobacco Group Enhances Shareholder Value with Buybacks

Strategic Share Buy-Back Program by Scandinavian Tobacco Group

Scandinavian Tobacco Group A/S has launched an extensive share buy-back program aimed at bolstering its capital structure and fulfilling obligations tied to its share-based incentive program. The announcement, made on November 10, 2023, outlined a substantial buy-back initiative with a total allocation of up to DKK 850 million.

Regulatory Compliance and Structure of the Buy-Back

This program will be executed in adherence to specified regulations, including Regulation No. 596/2014 from the European Parliament and the accompanying Commission Delegated Regulation (EU) 2016/1052, commonly known as the Safe Harbour rules. A significant aspect of this plan includes a directed buy-back arrangement with specific shareholders, which complements the broader initiative.

Transaction Overview from September 2 to September 6, 2024

As part of the ongoing share buy-back activities, several transactions were conducted between September 2 and September 6, 2024. The cumulative data from this period demonstrates the company's commitment to returning value to its shareholders while actively managing its capital resources.

Transaction Details

The report highlights the following details from the executed transactions during this timeframe: The accumulated transactions prior to this report indicated a total of 6,210,272 shares purchased at a transaction value of DKK 676,386,129. Specifically, the transactions included:

• On September 2, 2024, a purchase of 15,000 shares at an average price of DKK 107.20 resulting in a total transaction value of DKK 1,608,000.
• On September 3, 2024, 20,000 shares were acquired at an average price of DKK 106.20, totaling DKK 2,124,000.
• On September 4, 2024, the company bought another 20,000 shares at DKK 104.80, amounting to DKK 2,096,000.
• On September 5, 2024, another 20,000 shares were bought at DKK 106.60, resulting in a transaction value of DKK 2,132,000.
• Finally, on September 6, 2024, 17,991 shares were purchased at an average cost of DKK 105.60, contributing DKK 1,899,845 to the buy-back total.

The total shares acquired during this period reached 92,991, with an overall transaction value of DKK 9,859,845, showcasing a strategic approach to share repurchases.

Contributions from Key Shareholders

Notably, this buy-back initiative also involved significant participation from major stakeholders. As per the agreements established in November 2023, Chr. Augustinus Fabrikker Aktieselskab (CAF) retained a pro-rata share of 27.30%, while C.W. Obel A/S (CWO) held a 12.59% stake in the shares purchased through this program. These contributions underline the collaborative essence of the buy-back effort.

Ownership and Corporate Commitment

Following the transactions carried out, Scandinavian Tobacco Group A/S currently retains a total of 5,746,722 treasury shares, which equates to approximately 6.68% of the total share capital. This figure signifies the company’s ongoing commitment to managing its equity effectively while enhancing overall shareholder value.

Contact Information and Further Inquiries

For more information on these buy-back transactions or other inquiries, interested parties can reach out to:

Torben Sand, Head of IR & Communication, at +45 5084 7222 or via email at torben.sand@st-group.com.

Eliza Dabbagh, IR and Communication, is also available at +45 5080 7619 or email at eliza.michael@st-group.com.

Frequently Asked Questions

What is the purpose of the share buy-back program?

The program aims to adjust the company's capital structure and meet incentive obligations.

How much is the total allocated value for the buy-back?

The total value allocated for this buy-back initiative is up to DKK 850 million.

Who are the main participants in the buy-back?

Key participants include Chr. Augustinus Fabrikker Aktieselskab (CAF) and C.W. Obel A/S (CWO).

What is the total number of treasury shares held by the company?

Scandinavian Tobacco Group A/S currently owns 5,746,722 treasury shares.

How can investors get more information about these transactions?

Investors can contact Torben Sand or Eliza Dabbagh for more details on the buy-back initiative.

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