COMPANY ANNOUNCEMENT
No. 14/2016
NOT FOR RELEASE OR DISTRIBUTION OR PUBLICATION IN
WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED
STATES OF AMERICA, CANADA, AUSTRALIA OR JAPAN
This announcement does not constitute an offering
circular and nothing herein contains an offering of securities. No
one should purchase or subscribe for any securities in Scandinavian
Tobacco Group A/S ("STG" or the "Company")
except on the basis of information in the offering circular
published by STG in connection with the offering and admission of
such securities to trading and official listing on Nasdaq
Copenhagen A/S ("Nasdaq Copenhagen").
Copenhagen, 10 March 2016
Exercise in part of the
overallotment option in connection with the initial public offering
of Scandinavian Tobacco Group. Total offering size increased to DKK
3,586 million
With reference to announcement no. 4 of 10
February 2016 regarding pricing of the initial public offering of
shares in STG (the "Offering") and the offering circular published
by STG on 28 January 2016, STG today announces that Nordea Markets
(division of Nordea Bank Danmark A/S), in its capacity as
Stabilising Manager in the Offering, has partly on behalf of the
Managers exercised the overallotment option of 260,187 additional
shares at the offer price of DKK 100 per share from the Company's
major shareholders, ultimately owned by The Augustinus Foundation,
The Obel Family Foundation and Swedish Match AB.
As a result, the total number of shares offered in
the Offering amounts to 35,860,187 shares, thereby increasing the
total offering size to DKK 3,586 million.
J.P. Morgan Securities plc is acting as Lead
Global Coordinator, and J.P. Morgan Securities plc together with,
Deutsche Bank AG, London Branch and Nordea Markets (division of
Nordea Bank Danmark A/S) are acting as Joint Global Coordinators
and Joint Bookrunners in the offering and Carnegie Investment Bank,
filial af Carnegie Investment Bank AB (publ), Sverige is acting as
Co-Lead Manager in the offering. FIH Partners A/S is acting as
financial advisor to STG.
For further information, please
contact:
For media enquiries:
Kaspar Bach Habersaat, Director of Group Communications, phone: +45
7220 7152
or kaspar.bach@st-group.com.
For investor enquiries:
Torben Sand, Head of Investor Relations, phone: +45 7220 7126 or
torben.sand@st-group.com.
About
Scandinavian Tobacco Group
Scandinavian Tobacco
Group A/S with its subsidiaries (the "Group")
is a world leading producer of cigars and traditional pipe tobacco.
The Group also produces fine-cut tobacco and sells tobacco-related
accessories. The Group produces and sells 3 billion cigars and
5,000 tonnes of pipe and fine-cut tobacco annually. Scandinavian
Tobacco Group believes it is the only company globally with a core
strategic focus on production and distribution in all of these
tobacco categories.
Scandinavian Tobacco
Group holds market-leading positions in the machine-made cigar
market in Europe, the handmade cigar market in the US, the online
and catalogue retail sales of cigars in the US, the traditional
pipe tobacco market globally and in selected fine-cut tobacco
markets.
Scandinavian Tobacco
Group has a diversified portfolio of more than 200 brands providing
a complementary range of established global brands and local
champions. In the cigar segment, the brand portfolio
comprises Café Crème, La Paz, Macanudo, CAO, Partagas (US) and
Cohiba (US). Pipe tobacco brands include Captain Black, Erinmore,
Borkum Riff and W.Ø. Larsen, while leading fine-cut tobacco brands
include Bugler, Break, Escort, Bali Shag and Tiedemanns.
As at 31 December 2015,
the Group employed approx. 8,100 people in the Dominican Republic,
Honduras, Nicaragua, Indonesia, Europe, New Zealand, Australia,
Canada and the US.
For more information
please visit www.st-group.com.
Important notice
Copies of this announcement are not being made and
may not be distributed or sent into the United States of America,
Canada, Australia or Japan.
This communication does not constitute an offer of
the securities to the public in the United States. The securities
referred to herein may be offered or sold in the United States only
(1) if registered, or in a transaction exempt from, or not subject
to, registration under the U.S. Securities Act of 1933, as amended,
and (2) by the issuer or a manager (or affiliate thereof)
registered as a broker-dealer under the U.S. Securities Exchange
Act of 1934. Scandinavian Tobacco Group A/S does not intend to
register any portion of the offering of the securities in the
United States or to conduct a public offering of the securities in
the United States.
In any EEA Member State, other than Denmark, that
has implemented Directive 2003/71/EC as amended (together with any
applicable implementing measures in any Member State, the
"Prospectus Directive"), this communication is only addressed to
and is only directed at qualified investors in that Member State
within the meaning of the Prospectus Directive.
This communication does not constitute an offer of
the securities to the public in the United Kingdom. No prospectus
has been or will be approved in the United Kingdom in respect of
the securities. This communication is being distributed to and is
directed only at (i) persons who are outside the United Kingdom or
(ii) persons who are investment professionals within the meaning of
Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Order") and (iii) high net
worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order
(all such persons together being referred to as "Relevant
Persons"). Any investment activity to which this communication
relates will only be available to and will only be engaged with
Relevant Persons. Any person who is not a Relevant Person should
not act or rely on this document or any of its contents.
Stabilisation/FCA
In connection with the offering, Nordea Bank
Danmark A/S (the "Stabilising Manager") (or agents acting on behalf
of the Stabilising Manager) may over-allot securities or effect
transactions with a view to supporting the market price of the
securities at a level higher than that which might otherwise
prevail. However, there is no assurance that the Stabilising
Manager (or agents acting on behalf of the Stabilising Manager)
will undertake stabilisation actions. Any stabilisation action may
begin on or after the date of commencement of trading and official
listing of the securities on Nasdaq Copenhagen and, if begun, may
be ended at any time, but must end no later than 30 days after the
date of commencement of trading and official listing of the
securities.
J.P. Morgan Securities plc is acting as Lead
Global Coordinator, and J.P. Morgan Securities Ltd. together with,
Deutsche Bank AG, London Branch and Nordea Markets (division of
Nordea Bank Danmark A/S) are acting as Joint Global Coordinators
and Joint Bookrunners in the Offering and Carnegie Investment Bank,
filial af Carnegie Investment Bank AB (publ), Sverige is acting as
Co-Lead Manager in the Offering. The Joint Global
Coordinators, the Joint Bookrunners and the Co-lead Manager and
their affiliates are acting exclusively for Scandinavian Tobacco
Group A/S and the selling shareholders and no one else in
connection with the offering. They will not regard any other person
as their respective client in relation to the offering and will not
be responsible to anyone other than Scandinavian Tobacco Group A/S
and the selling shareholders for providing the protections afforded
to their respective clients, nor for providing advice in relation
to the offering, the contents of this communication or any
transaction, arrangement or other matter referred to herein.
In connection with the Offering, the Joint Global
Coordinators, the Joint Bookrunners and the Co-lead Manager and any
of their affiliates, acting as investors for their own accounts,
may purchase shares and in that capacity may retain, purchase,
sell, offer to sell or otherwise deal for their own accounts in
such shares and other securities of Scandinavian Tobacco Group A/S
or related investments in connection with the offering or
otherwise. Accordingly, references in the offering circular to the
shares being offered, acquired, placed or otherwise dealt in should
be read as including any offer to, acquisition, placing or dealing
by such Joint Global Coordinators, the Joint Bookrunners and the
Co-lead Manager and any of their affiliates acting as investors for
their own accounts. The Joint Global Coordinators, the Joint
Bookrunners and the Co-lead Manager do not intend to disclose the
extent of any such investment or transactions otherwise than in
accordance with any legal or regulatory obligations to do so.
The information, opinions and forward-looking
statements contained in this announcement speak only as at its date
and are subject to change without notice.
Press release (PDF)
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Scandinavian Tobacco Group A/S via
Globenewswire
HUG#1993596
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