Scandinavian Tobacco Group A/S: Skandinavisk Holding A/S and Skandinavisk Holding II A/S Sign Merger Plan
March 31 2017 - 6:30AM
COMPANY
ANNOUNCEMENT
No. 7/2017
Copenhagen, 31 March 2017
Skandinavisk Holding A/S
and
Skandinavisk Holding II A/S sign merger plan
Scandinavian Tobacco Group A/S has been informed that Skandinavisk
Holding A/S and Skandinavisk Holding II A/S have today signed a
plan to merge the two companies. Skandinavisk Holding A/S will be
the continuing entity in the merger.
Skandinavisk Holding II A/S owns 33.2% of the
shares of Scandinavian Tobacco Group A/S, and is the company's
largest shareholder.
Skandinavisk Holding A/S owns 100% of the shares
of Skandinavisk Holding II A/S and is in turn owned 65% by Chr.
Augustinus Fabrikker Aktieselskab (ultimately the Augustinus
Foundation) and 35% by C.W. Obel A/S (ultimately the Obel Family
Foundation).
The merger is expected to be completed before 30
June 2017.
Following completion of the merger, it is the
intention of Skandinavisk Holding A/S to distribute the company's
holding of Scandinavian Tobacco Group A/S shares to Chr. Augustinus
Fabrikker Aktieselskab and C.W. Obel A/S, in proportion to these
parties' ownership of Skandinavisk Holding A/S.
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 2016,
the Group employed 7,600 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.
Scandinavian Tobacco
Group A/S
Sydmarken 42
DK-2860 Søborg
Denmark
CVR 31
08 01 85
Scandinavian Tobacco Group, re.
SH-SH II merger plan 31.3.2017
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq 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
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