Press Releases

Bang & Olufsen A/S – share buyback programme

October 22, 2018 at 9:00 AM CEST
Supporting Materials:

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.

 

Attachment

Investor contact

Martin Raasch Egenhardt
Head of Investor Relations
+45-53707439
mare@bang-olufsen.dk
 
Major Shareholder Announcements should be sent directly to
major-shareholder@bang-olufsen.dk
 

Press contact

Jens Gamborg
Head of Group Communications
+45 2496 9371
Press@bang-olufsen.dk