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 worth up to DKK 850 million to adjust its capital structure and fulfill obligations related to its share-based incentive program.
November 18, 2024 | 11:45 am
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Scandinavian Tobacco Group A/S has announced a share buy-back program valued at up to DKK 850 million. This move is aimed at adjusting the company's capital structure and meeting obligations for its share-based incentive program.
The share buy-back program is a significant financial maneuver that typically signals confidence from the company's management in its current valuation. It can lead to a short-term increase in stock price due to reduced supply and perceived value enhancement.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90