Scandinavian Tobacco Group A/S (CPSE:STG) announces a share repurchase program. Under the program, the company will repurchase up to DKK 850 million worth of its own shares. The shares will not be purchased at a price exceeding the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase is carried out.

The purpose of the program is adjust the company's capital structure and meet obligations relating to the group's share-based incentive program. The program will expire on February 28, 2025.