Scandinavian Tobacco Group A/S: Major Shareholder's Announcement
07 September 2016 - 11:58PM
COMPANY
ANNOUNCEMENT
No. 42/2016
Copenhagen, 7 September 2016
Major Shareholder's
Announcement
With reference to Section 29 of the Danish
Securities Trading Act (værdipapirhandels-loven) Swedish Match Cigars Holding
AB today informed Scandinavian Tobacco Group A/S (the "Company")
that on 6 September 2016, in connection with an accelerated book
building offering, it had agreed to dispose of 13,000,000 shares of
nominally DKK 1 each (aggregate nominal value of DKK 13,000,000) in
the Company to certain institutional investors, and following
settlement it would thus cross thresholds of 25% and 20% of the
share capital in the Company.
Swedish Match Cigars Holding AB is a wholly owned subsidiary of
Swedish Match AB listed on Nasdaq Stockholm. Today, Swedish Match
AB has announced that Swedish Match Cigars Holding AB has sold the
said shares.
Swedish Match Cigars Holding AB thus holds 18,069,906 shares of
nominally DKK 1 each (aggregate nominal value of DKK 18,069,906) in
the Company, corresponding to approx. 18.07% of the total share
capital and approx. 18.07% of the total voting rights.
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.
Scandinavian Tobacco Group - Major
Shareholder's Ann., 7 Sep. 2016
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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
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