Significant Managerial Transactions at Scandinavian Tobacco Group

Insight into Recent Transactions by Management

Scandinavian Tobacco Group A/S has made a notable disclosure regarding transactions conducted by its management. This involves actions undertaken by Karsten Dam Larsen, a member of the Board of Directors, who was involved in several share transactions. The group aims for transparency in its operations, keeping stakeholders informed about essential activities and changes within the company.

Details of the Transactions

In a recent notification, Karsten addressed his role and responsibilities. As part of his position, he executed numerous purchases of shares over a specific period. This information is vital for investors as it indicates the confidence management holds in the company's future. The transactions are outlined below:

Summary of Purchases

The shares purchased include:

• 1,500 shares at DKK 102.6
• 2,500 shares at DKK 102.8
• 1,000 shares at DKK 104.4

These are part of a consolidated purchase that amounted to 5,000 shares, with a total price of DKK 515,300. These figures exhibit the commitment from management towards the company’s growth and stability, fostering confidence among existing and potential investors.

Company Overview

Scandinavian Tobacco Group A/S stands tall as a leading manufacturer in the global tobacco industry, notable for producing handmade and machine-rolled cigars. Their annual output exceeds four billion cigars, a testament to their operational capacity and market demand.

The company proudly asserts its influential position across various categories and has established a strong presence in over 100 markets worldwide. The headquarters in Copenhagen, Denmark, is the hub from where the group manages its international endeavors.

Workforce and Global Reach

Employing around 10,000 individuals, Scandinavian Tobacco Group has a diverse workforce spread across regions including Europe, the US, Canada, the Dominican Republic, Honduras, Nicaragua, Indonesia, and Sri Lanka. This broad geographic reach allows the company to tap into multiple markets and cater effectively to consumer demands.

Future Outlook

With the recent transactions reflecting a solid endorsement of company performance and strategies, Scandinavian Tobacco Group is poised for continuous growth. Management’s proactive approach in investing in their own company exemplifies their commitment to enhancing shareholder value and ensures that they remain a formidable player in the global tobacco landscape.

Contact Information for Inquiries

For any further clarification or inquiries regarding these transactions, investors can reach out to Torben Sand, the Head of Investor Relations and Communications, via phone at +45 5084 7222 or through email. Their commitment to transparency is clear, and they welcome communication with stakeholders to foster a trusting relationship.

Frequently Asked Questions

1. Who is Karsten Dam Larsen?

Karsten Dam Larsen is a member of the Board of Directors of Scandinavian Tobacco Group A/S, actively involved in managerial responsibilities and decisions.

2. What types of shares did Karsten purchase?

Karsten purchased shares classified as standard equities of Scandinavian Tobacco Group, executing transactions at varying prices and volumes.

3. How much did the recent transactions amount to?

The recent transactions totaled 5,000 shares, aggregating to a total investment of DKK 515,300.

4. Why are these transactions significant for investors?

These transactions suggest strong management confidence in the company’s future, which can positively influence investor sentiment and stock performance.

5. Where can I find more information about Scandinavian Tobacco Group?

For further insights and data regarding Scandinavian Tobacco Group, you can visit their official website at www.st-group.com.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

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