Press Releases

Bang & Olufsen A/S – share buyback programme

October 8, 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 01 October 2018 – 05 October 2018:

  No. of shares Average purchase price (DKK) Transaction value (DKK)
Total previous announcement 313,449 150.72 47,244,040
       
01 October 2018 10,000 154.27 1,542,700
02 October 2018 15,000 152.44 2,286,600
03 October 2018 17,000 147.46 2,506,820
04 October 2018 18,000 139.24 2,506,320
05 October 2018 20,000 135.70 2,714,000
       
Total this period 80,000 144.46 11,556,440
       
Accumulated under the programme 393,449 149.45 58,800,480

Following the above transactions, Bang & Olufsen holds a total of 503,439 own shares corresponding to 1.2 % 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 1-5 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