Bang & Olufsen A/S – share buyback programme
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 10 September 2018 - 14 September 2018:
| No. of shares | Average purchase price (DKK) | Transaction value (DKK) | |
| Total previous announcement | 79,000 | 154.90 | 12,237,490 |
| 10 September 2018 | 17,000 | 156.10 | 2,653,700 |
| 11 September 2018 | 17,000 | 153.39 | 2,607,630 |
| 12 September 2018 | 16,000 | 151.60 | 2,425,600 |
| 13 September 2018 | 17,000 | 150.62 | 2,560,540 |
| 14 September 2018 | 17,000 | 148.72 | 2,528,240 |
| Total this period | 84,000 | 152.09 | 12,775,710 |
| Accumulated under the programme | 163,000 | 153.46 | 25,013,200 |
Following the above transactions, Bang & Olufsen holds a total of 272,990 own shares corresponding to 0.6 % 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 10-14 September 2018.
For further information, please contact: Sr. Director, Global Finance, Malene Richter Christensen, tel.: +45 29741609.
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