Press Releases

Bang & Olufsen A/S – share buyback programme

October 15, 2018 at 9:00 AM CEST
Supporting Materials:

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 08 October 2018 – 12 October 2018:

  No. of shares Average purchase price (DKK) Transaction value (DKK)
Total previous announcement 393,449 149.45 58,800,480
       
08 October 2018 22,000 128.85 2,834,700
09 October 2018 20,000 128.53 2,570,600
10 October 2018 25,000 124.24 3,106,000
11 October 2018 25,000 121.36 3,034,000
12 October 2018 25,000 124.98 3,124,500
       
Total this period 117,000 125.38 14,669,800
       
Accumulated under the programme 510,449 143.93 73,470,280

Following the above transactions, Bang & Olufsen holds a total of 620,439 own shares corresponding to 1.4 % 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 8-12 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