Press Releases

Bang & Olufsen A/S – share buyback programme

September 24, 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 17 September 2018 - 21 September 2018:

  No. of shares Average purchase price (DKK) Transaction value (DKK)
Total previous announcement 163,000 153.46 25,013,200
       
17 September 2018 16,000 145.24 2,323,840
18 September 2018 17,000 145.88 2,479,960
19 September 2018 15,000 147.97 2,219,550
20 September 2018 15,000 146.93 2,203,950
21 September 2018 13,000 151.06 1,963,780
       
Total this period 76,000 147.25 11,191,080
       
Accumulated under the programme 239,000 151.48 36,204,280

Following the above transactions, Bang & Olufsen holds a total of 348,990 own shares corresponding to 0.8 % 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 17-21 September 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