Scandinavian Tobacco Group A/S: Transactions in connection with share buy-back programme

Company Announcement
No. 51/2024

Copenhagen, 09 September 2024

Transactions in connection with share buy-back programme

On 10 November 2023, Scandinavian Tobacco Group A/S announced that a share buy-back programme of an aggregated value of up to DKK 850 million was launched with the purpose to adjust the Company’s capital structure and meet obligations relating to the Group’s share-based incentive programme.

Part of the programme will be conducted in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (the “Market Abuse Regulation”) and Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Another part of the share buy-back programme is conducted as a directed buy-back from Chr. Augustinus Fabrikker Aktieselskab and C.W. Obel A/S as further described in company announcement no. 30/2023. The share buy-back programme will end no later than 28 February 2025.

The following transactions have been executed from 02 September – 06 September 2024:

	Number of shares	Average purchase price, DKK	Transaction value, DKK
Accumulated, last announcement	6,210,272		676,386,129
2-Sep-24	15,000	107.20	1,608,000
3-Sep-24	20,000	106.20	2,124,000
4-Sep-24	20,000	104.80	2,096,000
5-Sep-24	20,000	106.60	2,132,000
6-Sep-24	17,991	105.60	1,899,845
Total, 02 Sep – 06 Sep 2024	92,991	106.03	9,859,845
Bought from CAF, 06 Sep 2024*	42,234	106.03	4,478,075
Bought from CWO, 06 Sep 2024*	19,476	106.03	2,065,042
Accumulated, under the programme	6,364,973		692,789,091

*According to separate agreements as from 10 November 2023 Chr. Augustinus Fabrikker Aktieselskab (CAF) participates on a 27.30% pro-rata basis and C.W.Obel A/S (CWO) participates on a 12.59% pro-rata basis to the shares purchased in the share buy-back programme.

A detailed overview of transactions during the period 02 September – 06 September 2024 is attached to this announcement.

Following the above transactions Scandinavian Tobacco Group A/S owns a total of 5,746,722 treasury shares, corresponding to 6.68% of the total share capital.

For further information, please contact:
Torben Sand, Head of IR & Communication, phone +45 5084 7222 or torben.sand@st-group.com
Eliza Dabbagh, IR and Communication, phone +45 5080 7619 or eliza.michael@st-group.com

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