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 15 October 2018 – 19 October 2018:
|No. of shares||Average purchase price (DKK)||Transaction value (DKK)|
|Total previous announcement||510,449||143.93||73,470,280|
|15 October 2018||20,000||125.65||2,513,000|
|16 October 2018||15,000||128.77||1,931,550|
|17 October 2018||18,000||131.46||2,366,280|
|18 October 2018||17,000||132.28||2,248,760|
|19 October 2018||20,000||130.64||2,612,800|
|Total this period||90,000||129.69||11,672,390|
|Accumulated under the programme||600,449||141.80||85,142,670|
Following the above transactions, Bang & Olufsen holds a total of 710,439 own shares corresponding to 1.6 % 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 15-19 October 2018.
For further information, please contact: Sr. Director, Global Finance, Malene Richter Christensen, tel.: +45 29741609.