Scandinavian Tobacco Group A/S has announced that the share buy-back programme that was initiated on 9 March 2022 is now complete, according to a company press release share on Globe Newswire.

The buy-back programme was increased to an aggregated value of up to DKK 1,000 million (USD 142.9 million) on 19 May 2022 with the purpose of the programme to adjust the company’s capital structure and meet obligations relating to the Group’s share-based incentive programme.
As of 28 February 2023, Scandinavian Tobacco Group has purchased a total of 6,114,093 shares with an aggregated transaction value of DKK 775 million, according to a company statement. The Group intends to propose a reduction of the company’s share capital as result of the share buy-back at .  Annual General Meeting on 13 April 2023