Press Releases

Bang & Olufsen A/S – share buyback programme

January 21, 2019 at 9:00 AM CET
Supporting Materials:

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 15 January 2018 – 18 January 2019:

  No. of shares Average purchase price (DKK) Transaction value (DKK)
Total previous announcement 1,365,449 129.99 177,501,490
       
14 January 2019 20,000 99.27 1,985,400
15 January 2019 20,000 99.93 1,998,600
16 January 2019 20,000 99.99 1,999,800
17 January 2019 17,452 99.88 1,743,106
18 January 2019 19,548 99.92 1,953,236
       
Total this period 97,000 99.80 9,680,142
       
Accumulated under the programme 1,462,449 127.99 187,181,632

Following the above transactions, Bang & Olufsen holds a total of 1,572,439 own shares corresponding to 3.6 % 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 14 January - 18 January 2019.

For further information, please contact: Sr. Director, Global Finance & SDO, 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