Scandinavian Tobacco Group increases stock repurchase plan.

Dec.13.2022
Scandinavian Tobacco Group increases stock repurchase plan.
Scandinavian Tobacco Group increases stock buyback plan to DKK 1 billion to adjust capital structure and fulfill obligations.

On May 19, 2022, Scandinavian Tobacco Group A/S announced that its stock buyback program, which began on March 9, 2022, has been increased to a total value of up to 1 billion Danish kroner. The purpose of the program is to adjust the company's capital structure and fulfill obligations related to the group's equity incentive plan.


Some of the share buyback program was executed based on the Market Abuse Regulation (MAR) on April 16, 2014, and on Commission Delegated Regulation (EU) 2016/1052, also known as the Safe Harbour Rules. The remaining portion of the stock buyback program was carried out as a directed buyback by Chr. Augustine Fabrikker Aktieselskab and CW Obel A/S, as described in company announcement no. 1/2022. The share buyback program will end no later than February 28, 2023.


The following transactions were executed from December 5th to December 9th, 2022.


The average purchase price of shares, the trading value of Danish kroner, and the cumulative value of Danish kroner were announced on December 9, 2022, totaling 81,346 shares purchased between December 5th and December 9th. On December 9th, shares were purchased from CAF and CWO, with a cumulative total of 5,053,326 shares purchased under the program. CAF participated in the stock buyback plan at a ratio of 27.0%, and CWO participated at a ratio of 12.5%, according to a separate agreement from May 20, 2022. On December 5th, shares were announced at a value of 15,264.541,946,714, increasing to 25,000 on December 6th and dropping to 22,500 on December 7th. On December 8th, the value of shares was 6,955, and on December 9th, it was 11,627, with a total value of 648,693,500 accumulated under the program.


This notice includes a detailed overview of transactions conducted during the period of December 5 to December 9, 2022.


2FIRSTS will continue to track and report on this issue. Further updates will be available on the "2FIRSTSAPP." Scan the QR code below to download the app.


This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.

Photo Collection of New Products | Innokin, Aspire, ALD and Others Launch New - style Hookah Devices
Photo Collection of New Products | Innokin, Aspire, ALD and Others Launch New - style Hookah Devices
At the exhibition site, many brands showcased a variety of new-style hookah products in different forms.
Jun.23
UK Authorities Seize $80,000 in Illegal Tobacco; Shop Owner Pleads Guilty, Gets Two-Year Suspended Sentence
UK Authorities Seize $80,000 in Illegal Tobacco; Shop Owner Pleads Guilty, Gets Two-Year Suspended Sentence
UK shop owner Chaudhary Rahman was sentenced to a 10-week prison term, suspended for two years, after pleading guilty to six charges over £66,000 ($80,000) worth of illegal cigarettes and e-cigarettes. The products lacked health warnings and exceeded legal limits. He must also perform 80 hours of unpaid work and pay a £1,400 ($1,879) fine.
Jul.18 by 2FIRSTS.ai
Nicotine Pouch Billboards Surge in Minnesota as High School Usage Tops 5%
Nicotine Pouch Billboards Surge in Minnesota as High School Usage Tops 5%
Twenty-seven years after tobacco billboards vanished from Minnesota, ads for nicotine pouches are now proliferating across the state. These products bypass tobacco advertising bans as they contain tobacco-derived nicotine but no tobacco leaf. Their growing appeal among teens—paired with rising usage rates and potential health risks—has alarmed lawmakers and health experts, despite industry claims that pouches aid smoking cessation.
Jul.15 by 2FIRSTS.ai
2Firsts Observation | UK Disposable Vape Ban Takes Effect: ELFBAR AF5000 Discontinued, Replaceable Version Coming Soon
2Firsts Observation | UK Disposable Vape Ban Takes Effect: ELFBAR AF5000 Discontinued, Replaceable Version Coming Soon
According to 2Firsts' observation, the ELFBAR AF5000—once one of the best-selling “2+10” products in the UK—has been removed or marked as discontinued on several major e-commerce platforms. Meanwhile, ELFBAR’s UK website shows that a replaceable pod version of the AF5000 is coming soon, potentially entering the market as a compliant alternative.
Jun.27
Non-Nicotine Smoking Cessation Drug Cytisinicline Submitted for FDA Review
Non-Nicotine Smoking Cessation Drug Cytisinicline Submitted for FDA Review
Cytisinicline has been submitted for FDA approval and, if approved, would become the first non-nicotine smoking cessation drug in 20 years.
Jul.07 by 2FIRSTS.ai
Montgomery County, U.S., Receives $1.3 Million from JUUL Settlement for Youth Support Programs
Montgomery County, U.S., Receives $1.3 Million from JUUL Settlement for Youth Support Programs
Montgomery County, Maryland, will use over $1.3 million from the JUUL and Altria settlement to fund youth mental health and substance abuse prevention programs, including soccer coaching and vaping cessation initiatives, with a focus on communities heavily impacted by e-cigarette use.
Jul.30 by 2FIRSTS.ai