Scandinavian Tobacco Group A/S: Transactions in connection with share buy-back programme
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Scandinavian Tobacco Group A/S has initiated a share buy-back program valued at up to DKK 850 million to adjust its capital structure and fulfill obligations related to its share-based incentive program.
November 11, 2024 | 11:45 am
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POSITIVE IMPACT
Scandinavian Tobacco Group A/S has announced a share buy-back program worth up to DKK 850 million to adjust its capital structure and support its share-based incentive program.
The share buy-back program is likely to have a positive short-term impact on SNDVF's stock price as it indicates the company's effort to optimize its capital structure and return value to shareholders. Additionally, buy-backs can reduce the number of shares outstanding, potentially increasing earnings per share.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100