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 24 September 2018 - 28 September 2018:
|No. of shares||Average purchase price (DKK)||Transaction value (DKK)|
|Total previous announcement||239,000||151.48||36,204,280|
|24 September 2018||12,000||151.30||1,815,600|
|25 September 2018||15,449||148.62||2,296,030|
|26 September 2018||15,000||147.05||2,205,750|
|27 September 2018||17,000||146.89||2,497,130|
|28 September 2018||15,000||148.35||2,225,250|
|Total this period||74,449||148.29||11,039,760|
|Accumulated under the programme||313,449||150.72||47,244,040|
Following the above transactions, Bang & Olufsen holds a total of 423,439 own shares corresponding to 1.0 % 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 24-28 September 2018.
For further information, please contact: Sr. Director, Global Finance, Malene Richter Christensen, tel.: +45 29741609.