Scandinavian Tobacco Group

Initial public offering of Scandinavian Tobacco Group A/S on Nasdaq OMX Copenhagen — DKK 3.56 billion

Scandinavian Tobacco Group has today announced the outcome of its IPO and listing of its shares on Nasdaq OMX Copenhagen.

The offering in brief

  • The shares in the offering are priced at DKK 100 per share
  • The offering comprises 35.6 million shares in total (excluding overallotment option) for a total transaction size of DKK 3,560 million (40 million shares for a transaction size of DKK 4,000 million including overallotment option)
  • Skandinavisk Holding II A/S will hold 33,200,000 shares (33.2% of STG’s share capital) after completion of the offering, prior to any exercise of the overallotment option. Assuming full exercise of the overallotment option, Skandinavisk Holding II A/S will hold 31.0% of STG’s share capital
  • Swedish Match Cigars Holding AB will hold 31,200,000 shares (31.2% of STG’s share capital) after completion of the offering, prior to any exercise of the overallotment option. Assuming full exercise of the overallotment option, Swedish Match Cigars Holding AB will hold 29.0% of STG’s share capital
  • Approximately 11,500 new investors have been allocated shares in STG in connection with the offering
  • The offer price implies a market capitalisation of Scandinavian Tobacco Group of DKK 10 billion
  • The first day of trading on Nasdaq OMX Copenhagen is Wednesday 10 February 2016

Carnegie acted as Co-Lead Manager in the transaction.

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