Scandinavian Tobacco Group A/S: Implementation of Incentive Programmes and Reporting of Transactions in Accordance with Sect. 28a of Danish Sec. Trad. Act
(Thomson Reuters ONE) -
COMPANY ANNOUNCEMENT
No. 28/2016
Copenhagen, 27 June 2016
Implementation of Incentive Programmes and Reporting of Transactions in
Accordance with Section 28a of the Danish Securities Trading Act
Scandinavian Tobacco Group A/S has today implemented i) a long-term incentive
programme (the LTIP) for certain members of the Executive Management and certain
members of senior management, and ii) a transition share programme (the TSP) for
certain members of the Executive Management and certain members of senior
management.
The two programmes comprise a total of 166,239 performance share units (PSUs) of
which 128,084 PSUs have been granted to members of the Executive Management, and
a total of 38,155 PSUs have been granted to certain members of senior
management. The number of PSUs granted to each participant in the programme has
been based on the average share price of the 10 trading days following the
listing of the company on 10 February 2016 on Nasdaq Copenhagen. Further, the
participants have received PSUs corresponding to the dividend paid by the
company in April 2016.
Upon vesting, each PSU entitles the holder to receive one share in Scandinavian
Tobacco Group A/S at no cost. The actual number of shares vesting may range
between 0 and 200% of the grant and is determined by the achievement of certain
performance indicators in the financial years 2016, 2017 and 2018 for the LTIP
and the financial years 2016 and 2017 for the TSP. The maximum total number of
vested shares under the programmes is 332,478 shares based on an achieved full
performance (200%).
Prior to vesting, holders of PSUs are not entitled to any of the rights which
shareholders hold, except from the right to dividends which will be converted
into additional PSUs.
Reference is also made to the offering circular published by Scandinavian
Tobacco Group A/S on 28 January 2016 and the company's Remuneration Policy as
published on the company's website www.st-group.com.
With reference to section 28a of the Danish Securities Trading Act, the
following transactions in securities of Scandinavian Tobacco Group A/S have been
reported by members of the Executive Management and the Key Employee:
---------------------+---------------------------------------------------------
Name |Niels Frederiksen
---------------------+---------------------------------------------------------
Reason |CEO and member of the Executive Management
---------------------+---------------------------------------------------------
Issuer |Scandinavian Tobacco Group A/S
---------------------+---------------------------------------------------------
ISIN code / Symbol |DK0060696300 - STG
---------------------+---------------------------------------------------------
Transaction |Received performance share units under the Long-term
|Incentive Programme which are conditional upon fulfilment
|of certain performance indicators in the financial years
|2016-2018.
|
|Received performance share units under the Transitional
|Share Programme which are conditional upon fulfilment of
|certain performance indicators in the financial years
|2016-2017.
---------------------+---------------------------------------------------------
Type of security |Performance share units
---------------------+---------------------------------------------------------
Trade day |
(grant date) |27 June 2016
---------------------+---------------------------------------------------------
Market |N/A
---------------------+---------------------------------------------------------
Number of securities|Long-term Incentive Programme: 26,336 (assuming 100%
|vesting, max = 200%).
|Transitional Share Programme: 26,336 (assuming 100%
|vesting, max = 200%).
---------------------+---------------------------------------------------------
Market value |DKK 5,456,819 (based on closing share price of 24 June
|2016 and 100% vesting)
---------------------+---------------------------------------------------------
---------------------+---------------------------------------------------------
Name |Sisse Fjelsted Rasmussen
---------------------+---------------------------------------------------------
Reason |CFO and member of the Executive Management
---------------------+---------------------------------------------------------
Issuer |Scandinavian Tobacco Group A/S
---------------------+---------------------------------------------------------
ISIN code / Symbol |DK0060696300 - STG
---------------------+---------------------------------------------------------
Transaction |Received performance share units under the Long-term
|Incentive Programme which are conditional upon fulfilment
|of certain performance indicators in the financial years
|2016-2018.
|
|Received performance share units under the Transitional
|Share Programme which are conditional upon fulfilment of
|certain performance indicators in the financial years
|2016-2017.
---------------------+---------------------------------------------------------
Type of security |Performance share units
---------------------+---------------------------------------------------------
Trade day |
(grant date) |27 June 2016
---------------------+---------------------------------------------------------
Market |N/A
---------------------+---------------------------------------------------------
Number of securities|Long-term Incentive Programme: 11,726 (assuming 100%
|vesting, max = 200%).
|Transitional Share Programme: 11,726 (assuming 100%
|vesting, max = 200%).
---------------------+---------------------------------------------------------
Market value |DKK 2,429,627 (based on closing share price of 24 June
|2016 and 100% vesting)
---------------------+---------------------------------------------------------
---------------------+---------------------------------------------------------
Name |Christian Hother Sørensen
---------------------+---------------------------------------------------------
Reason |Executive Vice President and member of the Executive
|Management
---------------------+---------------------------------------------------------
Issuer |Scandinavian Tobacco Group A/S
---------------------+---------------------------------------------------------
ISIN code / Symbol |DK0060696300 - STG
---------------------+---------------------------------------------------------
Transaction |Received performance share units under the Long-term
|Incentive Programme which are conditional upon fulfilment
|of certain performance indicators in the financial years
|2016-2018.
|
|Received performance share units under the Transitional
|Share Programme which are conditional upon fulfilment of
|certain performance indicators in the financial years
|2016-2017.
---------------------+---------------------------------------------------------
Type of security |Performance share units
---------------------+---------------------------------------------------------
Trade day |
(grant date) |27 June 2016
---------------------+---------------------------------------------------------
Market |N/A
---------------------+---------------------------------------------------------
Number of securities|Long-term Incentive Programme: 14,266 (assuming 100%
|vesting - max = 200%)
|Transitional Share Programme: 14,266 (assuming 100%
|vesting - max = 200%).
---------------------+---------------------------------------------------------
Market value |DKK 2,955,915 (based on closing share price of 24 June
|2016 and 100% vesting)
---------------------+---------------------------------------------------------
---------------------+---------------------------------------------------------
Name |Craig Reynolds
---------------------+---------------------------------------------------------
Reason |Executive Vice President
---------------------+---------------------------------------------------------
Issuer |Scandinavian Tobacco Group A/S
---------------------+---------------------------------------------------------
ISIN code / Symbol |DK0060696300 - STG
---------------------+---------------------------------------------------------
Transaction |Received performance share units under the Long-term
|Incentive Programme which are conditional upon fulfilment
|of certain performance indicators in the financial years
|2016-2018.
|
|Received performance share units under the Transitional
|Share Programme which are conditional upon fulfilment of
|certain performance indicators in the financial years
|2016-2017.
---------------------+---------------------------------------------------------
Type of security |Performance share units
---------------------+---------------------------------------------------------
Trade day |
(grant date) |27 June 2016
---------------------+---------------------------------------------------------
Market |N/A
---------------------+---------------------------------------------------------
Number of securities|Long-term Incentive Programme: 11,714 (assuming 100%
|vesting - max = 200%)
|Transitional Share Programme: 11,714 (assuming 100%
|vesting - max = 200%).
---------------------+---------------------------------------------------------
Market value |DKK 2,427,141 (based on closing share price of 24 June
|2016 and 100% vesting)
---------------------+---------------------------------------------------------
For further information, please contact:
For media enquiries:
Kaspar Bach Habersaat, Director of Group Communications, phone: +45 7220 7152
or kaspar.bach(at)st-group.com.
For investor enquiries:
Torben Sand, Head of Investor Relations, phone: +45 7220 7126 or torben.sand(at)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.
Scandinavian Tobacco Group - Incent. Prgram, Report Transactions:
http://hugin.info/171738/R/2023260/751731.pdf
This announcement is distributed by GlobeNewswire on behalf of
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(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Scandinavian Tobacco Group A/S via GlobeNewswire
[HUG#2023260]
Unternehmensinformation / Kurzprofil:
Datum: 27.06.2016 - 14:13 Uhr
Sprache: Deutsch
News-ID 480115
Anzahl Zeichen: 14695
contact information:
Town:
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Kategorie:
Business News
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