Bang & Olufsen A/S – share buyback programme
On 3 September 2018, Bang & Olufsen initiated a share buyback programme in accordance with article 5 of the regulation (EU) no. 596/2014 of 16 April 2014 on market abuse and the delegated regulation (EU) no. 2016/1052 of 8 March 2016, also referred to as the Safe Harbor rules.
Under the share buyback programme, which runs from 3 September 2018 and will end no later than 31 December 2019, Bang & Olufsen intends to buy back shares for an amount of up to DKK 485 million.
The following transactions have been made under the program in the period 22 October 2018 – 26 October 2018:
|No. of shares||Average purchase price (DKK)||Transaction value (DKK)|
|Total previous announcement||600,449||141.80||85,142,670|
|22 October 2018||15,000||131.16||1,967,400|
|23 October 2018||15,000||130.17||1,952,550|
|24 October 2018||15,000||131.47||1,972,050|
|25 October 2018||15,000||132.32||1,984,800|
|26 October 2018||15,000||133.30||1,999,500|
|Total this period||75,000||131.68||9,876,300|
|Accumulated under the programme||675,449||140.68||95,018,970|
Following the above transactions, Bang & Olufsen holds a total of 785,439 own shares corresponding to 1.8 % of the total share capital and the total voting rights in the company.
Please see the attached file for detailed information about individual trades under the program in the period 22-26 October 2018.
For further information, please contact: Sr. Director, Global Finance, Malene Richter Christensen, tel.: +45 29741609.